Picton Mahoney Asset Management Raises Position in Capital One Financial Corporation $COF

Picton Mahoney Asset Management lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 41.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 165,686 shares of the financial services provider’s stock after buying an additional 48,243 shares during the period. Picton Mahoney Asset Management’s holdings in Capital One Financial were worth $35,220,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 10,428 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Capital One Financial by 44.3% during the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock valued at $1,608,000 after purchasing an additional 2,753 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Capital One Financial by 118.3% during the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 1,788 shares during the last quarter. GHP Investment Advisors Inc. grew its position in Capital One Financial by 185.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 2,320 shares of the financial services provider’s stock worth $494,000 after purchasing an additional 1,508 shares in the last quarter. Finally, TIAA Trust National Association grew its position in Capital One Financial by 54.0% in the 2nd quarter. TIAA Trust National Association now owns 24,748 shares of the financial services provider’s stock worth $5,265,000 after purchasing an additional 8,676 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In related news, insider Celia Karam sold 2,108 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the transaction, the insider directly owned 59,269 shares of the company’s stock, valued at approximately $12,935,459.25. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lia Dean sold 3,284 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 70,162 shares of the company’s stock, valued at approximately $15,693,836.16. This trade represents a 4.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is currently owned by insiders.

Capital One Financial Stock Performance

NYSE:COF opened at $193.59 on Wednesday. The company has a market capitalization of $120.40 billion, a P/E ratio of 65.40, a P/E/G ratio of 0.58 and a beta of 1.14. The business has a fifty day simple moving average of $225.22 and a two-hundred day simple moving average of $222.69. 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 Corporation has a 1 year low of $143.22 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share 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%.During the same period in the prior year, the company posted $2.67 EPS. The business’s quarterly revenue was up 53.3% on a year-over-year basis. On average, analysts expect that Capital One Financial Corporation will post 15.65 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, March 2nd. Shareholders 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 (DPR) is currently 108.11%.

Analyst Ratings Changes

Several research firms have commented on COF. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $275.00 price target on shares of Capital One Financial in a report on Monday, January 12th. BTIG Research cut their price objective on Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Capital One Financial in a research report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $274.70.

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.