Peak Asset Management LLC Makes New $848,000 Investment in Capital One Financial Corporation $COF

Peak Asset Management LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,229 shares of the financial services provider’s stock, valued at approximately $848,000.

Several other institutional investors also recently bought and sold shares of COF. BlackRock Inc. boosted its stake in shares of Capital One Financial by 0.5% in the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after purchasing an additional 236,643 shares during the period. Franklin Resources Inc. boosted its position in Capital One Financial by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock valued at $3,023,795,000 after buying an additional 638,158 shares during the period. Morgan Stanley grew its stake in shares of Capital One Financial by 3.9% in the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after acquiring an additional 323,350 shares in the last quarter. Norges Bank acquired a new position in shares of Capital One Financial in the fourth quarter worth $2,089,803,000. Finally, Davis Selected Advisers increased its position in shares of Capital One Financial by 2.8% during the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after acquiring an additional 234,649 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Citigroup reduced their target price on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Bank of America dropped their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, TD Cowen dropped their price objective on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.14.

Insider Activity

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the transaction, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. The trade was a 16.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the transaction, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 26,267 shares of company stock valued at $5,617,648. Insiders own 0.78% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF opened at $216.29 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm has a market cap of $132.69 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. The company’s 50 day simple moving average is $209.09 and its 200-day simple moving average is $197.97. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the prior year, the firm earned $5.48 EPS. Capital One Financial’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, equities analysts predict that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

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

About Capital One Financial

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.