North Dakota State Investment Board Makes New $5.22 Million Investment in Capital One Financial Corporation $COF

North Dakota State Investment Board purchased a new position in Capital One Financial Corporation (NYSE:COF) in the fourth quarter, Holdings Channel.com reports. The firm purchased 21,548 shares of the financial services provider’s stock, valued at approximately $5,222,000.

Other institutional investors have also bought and sold shares of the company. Strive Asset Management LLC purchased a new stake in Capital One Financial in the 3rd quarter worth $28,000. Olistico Wealth LLC purchased a new stake in Capital One Financial in the 4th quarter worth $30,000. Rakuten Securities Inc. increased its stake in Capital One Financial by 550.0% in the 4th quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock worth $32,000 after buying an additional 110 shares in the last quarter. WFA of San Diego LLC purchased a new stake in Capital One Financial in the 2nd quarter worth $32,000. Finally, Westfuller Advisors LLC increased its stake in Capital One Financial by 661.1% in the 4th quarter. Westfuller Advisors LLC now owns 137 shares of the financial services provider’s stock worth $33,000 after buying an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 0.0%

Shares of Capital One Financial stock opened at $187.19 on Monday. The firm has a market cap of $116.48 billion, a price-to-earnings ratio of 65.68, a PEG ratio of 0.68 and a beta of 1.05. The business has a 50-day moving average price of $188.41 and a 200-day moving average price of $211.59. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a twelve month low of $174.98 and a twelve month high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The firm had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The company’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.06 EPS. Equities research analysts anticipate that Capital One Financial Corporation will post 19.17 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is presently 112.28%.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of analyst reports. Rothschild & Co Redburn cut their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a research note on Monday, March 16th. Truist Financial cut their price objective on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Morgan Stanley cut their price objective on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $257.52.

Insider Transactions at Capital One Financial

In related news, insider Lia Dean sold 1,692 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total value of $314,052.12. Following the completion of the transaction, the insider owned 65,454 shares of the company’s stock, valued at approximately $12,148,916.94. This trade represents a 2.52% decrease in their position. The sale was disclosed in a legal 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 Jason P. Hanson sold 3,729 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the transaction, the insider directly owned 40,230 shares of the company’s stock, valued at approximately $8,247,150. The trade was a 8.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 49,904 shares of company stock worth $9,528,159 in the last quarter. Company insiders own 0.78% of the company’s stock.

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.