Redwood Investment Management LLC Makes New $1.07 Million Investment in Capital One Financial Corporation $COF

Redwood Investment Management LLC bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the first quarter, Holdings Channel reports. The institutional investor bought 5,889 shares of the financial services provider’s stock, valued at approximately $1,074,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ballast Advisors LLC purchased a new stake in Capital One Financial during the first quarter valued at $27,000. Western Wealth Management LLC grew its stake in shares of Capital One Financial by 4.6% in the 1st quarter. Western Wealth Management LLC now owns 7,345 shares of the financial services provider’s stock worth $1,340,000 after buying an additional 324 shares in the last quarter. PVG Asset Management Corp increased its holdings in shares of Capital One Financial by 46.2% in the 1st quarter. PVG Asset Management Corp now owns 1,408 shares of the financial services provider’s stock worth $274,000 after buying an additional 445 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Capital One Financial by 10.5% in the 1st quarter. Parallel Advisors LLC now owns 17,746 shares of the financial services provider’s stock worth $3,238,000 after buying an additional 1,686 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Capital One Financial in the 1st quarter worth about $3,674,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Down 0.1%

Shares of NYSE COF opened at $208.90 on Monday. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $128.16 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.77 and a beta of 1.02. The business’s 50 day moving average price is $197.71 and its 200-day moving average price is $198.78.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.Capital One Financial’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.48 EPS. On average, sell-side analysts expect that Capital One Financial Corporation will post 20.19 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s payout ratio is currently 19.80%.

Insider Transactions at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the sale, the general counsel owned 90,194 shares in the company, valued at $18,760,352. This trade represents a 3.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the sale, the chief accounting officer owned 7,429 shares of the company’s stock, valued at $1,567,519. The trade was a 31.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 10,487 shares of company stock worth $2,107,512. Company insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on COF shares. Citigroup reduced their price objective on Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Truist Financial decreased their price target on Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Argus cut their price objective on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Royal Bank Of Canada reduced their target price on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Friday, April 10th. Finally, Piper Sandler started coverage on shares of Capital One Financial in a report on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price for the company. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $259.14.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.