PCJ Investment Counsel Ltd. Has $9.68 Million Stock Holdings in Capital One Financial Corporation $COF

PCJ Investment Counsel Ltd. boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,550 shares of the financial services provider’s stock after buying an additional 5,150 shares during the quarter. Capital One Financial makes up approximately 2.7% of PCJ Investment Counsel Ltd.’s portfolio, making the stock its 8th biggest position. PCJ Investment Counsel Ltd.’s holdings in Capital One Financial were worth $9,683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Capital One Financial by 74.8% in the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after acquiring an additional 24,129,990 shares during the period. State Street Corp increased its position in Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after purchasing an additional 10,776,843 shares during the period. Norges Bank acquired a new stake in Capital One Financial during the 2nd quarter valued at approximately $1,701,511,000. Geode Capital Management LLC raised its holdings in Capital One Financial by 64.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares during the last quarter. Finally, Boston Partners bought a new position in Capital One Financial during the 2nd quarter worth approximately $534,777,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Ratings Changes

COF has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Truist Financial lowered their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, January 26th. The Goldman Sachs Group restated a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a report on Tuesday, January 6th. Zacks Research downgraded Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $274.70.

Insider Activity at Capital One Financial

In other news, insider Celia Karam sold 2,108 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the sale, the insider directly owned 59,269 shares in the company, valued at $12,935,459.25. This trade represents a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jason P. Hanson sold 3,729 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the sale, the insider directly owned 40,230 shares of the company’s stock, valued at $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 67,933 shares of company stock worth $14,363,897. 1.26% of the stock is currently owned by insiders.

Capital One Financial Stock Performance

NYSE:COF opened at $184.93 on Wednesday. The company has a fifty day moving average of $219.49 and a 200-day moving average of $221.76. The firm has a market capitalization of $115.01 billion, a P/E ratio of 62.47, a P/E/G ratio of 0.56 and a beta of 1.14. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company’s revenue was up 53.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.67 EPS. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio is currently 108.11%.

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.