Investment Management Corp of Ontario Has $17.57 Million Stock Position in Capital One Financial Corporation $COF

Investment Management Corp of Ontario grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 72,511 shares of the financial services provider’s stock after buying an additional 2,619 shares during the quarter. Investment Management Corp of Ontario’s holdings in Capital One Financial were worth $17,574,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Gotham Asset Management LLC raised its position in shares of Capital One Financial by 3.6% during the fourth quarter. Gotham Asset Management LLC now owns 16,299 shares of the financial services provider’s stock worth $3,950,000 after purchasing an additional 566 shares during the period. Element Capital Management LLC raised its position in shares of Capital One Financial by 159.6% during the fourth quarter. Element Capital Management LLC now owns 86,890 shares of the financial services provider’s stock worth $21,059,000 after purchasing an additional 53,416 shares during the period. Evolve Private Wealth LLC acquired a new position in shares of Capital One Financial during the fourth quarter worth approximately $10,578,000. Empyrean Capital Partners LP raised its position in shares of Capital One Financial by 44.2% during the fourth quarter. Empyrean Capital Partners LP now owns 444,000 shares of the financial services provider’s stock worth $107,608,000 after purchasing an additional 136,000 shares during the period. Finally, Capitolis Liquid Global Markets LLC raised its position in shares of Capital One Financial by 8.3% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 155,000 shares of the financial services provider’s stock worth $37,566,000 after purchasing an additional 11,900 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 1,749 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the sale, the insider owned 61,579 shares in the company, valued at approximately $11,858,883.82. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the sale, the general counsel owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. This trade represents a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 8,040 shares of company stock worth $1,498,615. Insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on COF shares. TD Cowen lowered their target price on Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. The Goldman Sachs Group lowered their target price on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Evercore lowered 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, April 6th. Finally, BTIG Research restated a “buy” rating and issued a $224.00 target price on shares of Capital One Financial in a report on Wednesday, April 22nd. Seventeen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $258.75.

Capital One Financial Trading Up 0.0%

NYSE COF opened at $200.69 on Thursday. The firm has a market capitalization of $124.89 billion, a P/E ratio of 70.42, a PEG ratio of 0.72 and a beta of 1.03. The business has a fifty day simple moving average of $190.09 and a 200 day simple moving average of $206.97. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The company had revenue of $15.23 billion during 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 quarterly revenue was up 52.3% compared to the same quarter last year. During the same period in the previous year, the company posted $4.06 earnings per share. On average, analysts predict that Capital One Financial Corporation will post 19.51 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a $0.80 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is 112.28%.

Capital One Financial 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.