Gabelli Funds LLC Grows Holdings in Capital One Financial Corporation $COF

Gabelli Funds LLC boosted its position in Capital One Financial Corporation (NYSE:COF) by 127.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,240 shares of the financial services provider’s stock after buying an additional 25,388 shares during the quarter. Gabelli Funds LLC’s holdings in Capital One Financial were worth $8,253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Trust Services Inc. purchased a new stake in Capital One Financial during the 4th quarter worth approximately $1,303,000. HighTower Advisors LLC boosted its stake in shares of Capital One Financial by 18.1% during the 4th quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock valued at $85,739,000 after buying an additional 54,263 shares during the last quarter. Swiss Life Asset Management Ltd boosted its stake in shares of Capital One Financial by 11.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock valued at $28,076,000 after buying an additional 11,651 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Capital One Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock valued at $13,789,615,000 after buying an additional 360,071 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Capital One Financial by 2.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock worth $54,283,000 after buying an additional 6,225 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of NYSE COF opened at $206.86 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 company has a market capitalization of $128.73 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.02. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The business has a 50 day simple moving average of $195.78 and a 200-day simple moving average of $199.85.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion for 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%.The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period last year, the business posted $5.48 earnings per share. As a group, equities research analysts expect that Capital One Financial Corporation will post 20.13 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued 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 was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is 19.80%.

Insider Transactions at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s 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 of the company’s stock, valued at $18,760,352. This represents a 3.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the sale, the insider directly owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 8,749 shares of company stock worth $1,708,577. Insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COF. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Rothschild & Co Redburn decreased their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Wells Fargo & Company decreased their price objective on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada cut 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. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $259.82.

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.