Oliver Luxxe Assets LLC Increases Position in Capital One Financial Co. (NYSE:COF)

Oliver Luxxe Assets LLC increased its stake in Capital One Financial Co. (NYSE:COF) by 32.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,715 shares of the financial services provider’s stock after acquiring an additional 10,268 shares during the period. Capital One Financial comprises approximately 1.3% of Oliver Luxxe Assets LLC’s portfolio, making the stock its 20th largest position. Oliver Luxxe Assets LLC’s holdings in Capital One Financial were worth $6,211,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Norges Bank bought a new position in Capital One Financial in the fourth quarter worth about $409,831,000. Capital Research Global Investors grew its holdings in Capital One Financial by 16.7% in the fourth quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock worth $1,603,316,000 after purchasing an additional 1,745,545 shares during the period. National Bank of Canada FI grew its holdings in Capital One Financial by 443.1% in the fourth quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock worth $73,150,000 after purchasing an additional 451,789 shares during the period. Panagora Asset Management Inc. grew its holdings in Capital One Financial by 5,968.2% in the fourth quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock worth $54,861,000 after purchasing an additional 411,509 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Capital One Financial in the fourth quarter worth about $46,268,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the completion of the sale, the insider now owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the completion of the sale, the insider now owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy P. Golden sold 8,656 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the sale, the insider now directly owns 10,246 shares of the company’s stock, valued at approximately $1,475,833.84. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Capital One Financial Price Performance

Shares of Capital One Financial stock traded up $2.48 during trading hours on Monday, reaching $140.93. The company’s stock had a trading volume of 1,624,874 shares, compared to its average volume of 2,517,710. The stock has a market cap of $53.58 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.09 and a beta of 1.46. Capital One Financial Co. has a one year low of $88.23 and a one year high of $149.94. The firm has a 50 day moving average price of $139.80 and a 200-day moving average price of $137.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.21 EPS for the quarter, missing the consensus estimate of $3.25 by ($0.04). The firm had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.31 earnings per share. On average, analysts predict that Capital One Financial Co. will post 13.31 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.40 annualized dividend and a yield of 1.70%. Capital One Financial’s payout ratio is 18.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Evercore ISI dropped their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. BTIG Research assumed coverage on shares of Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Wolfe Research upgraded shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 target price on the stock in a report on Thursday, April 4th. Finally, Wells Fargo & Company raised their target price on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $141.20.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of 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.