South Shore Capital Advisors Invests $1.87 Million in Capital One Financial Corporation $COF

South Shore Capital Advisors purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,731 shares of the financial services provider’s stock, valued at approximately $1,874,000. Capital One Financial accounts for approximately 1.4% of South Shore Capital Advisors’ investment portfolio, making the stock its 18th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Olistico Wealth LLC acquired a new stake in shares of Capital One Financial in the 4th quarter valued at about $30,000. Strive Asset Management LLC acquired a new stake in Capital One Financial during the third quarter worth about $28,000. Howard Hughes Medical Institute acquired a new stake in Capital One Financial during the second quarter worth about $29,000. WFA of San Diego LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $32,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Capital One Financial in the third quarter valued at approximately $33,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In related news, insider Celia Karam sold 2,108 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $218.25, for a total transaction of $460,071.00. Following the transaction, the insider directly owned 59,269 shares of the company’s stock, valued at $12,935,459.25. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lia Dean sold 3,284 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the transaction, the insider directly owned 70,162 shares in the company, valued at approximately $15,693,836.16. This represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 50,047 shares of company stock valued at $9,742,217 in the last quarter. 1.26% of the stock is owned by company insiders.

Capital One Financial Stock Performance

Shares of COF opened at $183.95 on Tuesday. The firm has a 50-day moving average of $197.52 and a 200-day moving average of $216.00. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $259.64. The company has a market cap of $114.40 billion, a PE ratio of 62.14, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The company had revenue of $15.62 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same period in the previous year, the firm posted $2.67 EPS. The business’s quarterly revenue was up 53.3% on a year-over-year basis. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, February 19th. Capital One Financial’s dividend payout ratio is currently 108.11%.

Analysts Set New Price Targets

A number of research firms recently commented on COF. Jefferies Financial Group reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a research note on Monday, March 16th. Wells Fargo & Company lifted their price objective on shares of Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Keefe, Bruyette & Woods lifted their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Evercore dropped their target price on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $269.25.

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.