Jacobi Capital Management LLC Grows Stake in Capital One Financial Co. (NYSE:COF)

Jacobi Capital Management LLC lifted its position in Capital One Financial Co. (NYSE:COFGet Rating) by 10.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,833 shares of the financial services provider’s stock after buying an additional 447 shares during the period. Jacobi Capital Management LLC’s holdings in Capital One Financial were worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of COF. Industrial Alliance Investment Management Inc. purchased a new position in Capital One Financial during the fourth quarter valued at $25,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. lifted its position in Capital One Financial by 566.7% during the first quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 200 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Covestor Ltd purchased a new position in Capital One Financial during the fourth quarter valued at $33,000. Bank of New Hampshire purchased a new position in Capital One Financial during the first quarter valued at $36,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Capital One Financial during the fourth quarter valued at $38,000. 89.31% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 0.0 %

Shares of NYSE COF opened at $106.33 on Friday. The business’s 50 day moving average is $111.05 and its two-hundred day moving average is $127.71. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a 1-year low of $98.54 and a 1-year high of $177.95. The stock has a market capitalization of $40.81 billion, a P/E ratio of 4.67, a PEG ratio of 0.31 and a beta of 1.44.

Capital One Financial (NYSE:COFGet Rating) last issued its quarterly earnings data on Thursday, July 21st. The financial services provider reported $4.96 earnings per share for the quarter, missing the consensus estimate of $5.11 by ($0.15). Capital One Financial had a return on equity of 17.07% and a net margin of 29.23%. During the same period in the prior year, the firm earned $7.71 EPS. As a group, research analysts expect that Capital One Financial Co. will post 20.01 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Monday, August 8th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 5th. This represents a $2.40 annualized dividend and a yield of 2.26%. Capital One Financial’s payout ratio is currently 10.54%.

Analyst Upgrades and Downgrades

COF has been the topic of several research analyst reports. Piper Sandler lowered their price objective on Capital One Financial to $125.00 in a research report on Friday, July 22nd. Oppenheimer downgraded Capital One Financial from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 12th. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research report on Friday, June 17th. Morgan Stanley lowered their price objective on Capital One Financial from $126.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, July 22nd. Finally, Keefe, Bruyette & Woods lowered their price objective on Capital One Financial from $200.00 to $171.00 in a research report on Monday, July 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.93.

Insiders Place Their Bets

In other Capital One Financial news, insider Kara West sold 2,778 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $109.67, for a total transaction of $304,663.26. Following the completion of the transaction, the insider now owns 8,344 shares in the company, valued at $915,086.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Capital One Financial news, CEO Richard D. Fairbank sold 12,538 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $108.79, for a total transaction of $1,364,009.02. Following the completion of the transaction, the chief executive officer now owns 3,758,863 shares in the company, valued at $408,926,705.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kara West sold 2,778 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $109.67, for a total value of $304,663.26. Following the transaction, the insider now owns 8,344 shares of the company’s stock, valued at approximately $915,086.48. The disclosure for this sale can be found here. Insiders have sold 67,458 shares of company stock valued at $7,547,428 over the last ninety days. 1.27% of the stock is owned by insiders.

About Capital One Financial

(Get Rating)

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Further Reading

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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