SteelPeak Wealth LLC Increases Stake in Capital One Financial Co. (NYSE:COF)

SteelPeak Wealth LLC raised its position in Capital One Financial Co. (NYSE:COF) by 18.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,098 shares of the financial services provider’s stock after acquiring an additional 964 shares during the period. SteelPeak Wealth LLC’s holdings in Capital One Financial were worth $1,087,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning raised its position in Capital One Financial by 10.0% in the second quarter. Creative Planning now owns 48,985 shares of the financial services provider’s stock worth $6,782,000 after acquiring an additional 4,468 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Capital One Financial by 67.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 1,646 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 661 shares during the period. Granite Bay Wealth Management LLC purchased a new position in shares of Capital One Financial in the 2nd quarter valued at about $684,000. 3Chopt Investment Partners LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at about $483,000. Finally, Cetera Investment Advisers lifted its stake in shares of Capital One Financial by 5.1% in the second quarter. Cetera Investment Advisers now owns 44,856 shares of the financial services provider’s stock valued at $6,210,000 after purchasing an additional 2,183 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

COF stock opened at $204.19 on Thursday. The stock has a market capitalization of $77.84 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.46. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $207.24. The stock’s fifty day simple moving average is $185.91 and its 200-day simple moving average is $163.69.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $2.81 EPS. Equities research analysts expect that Capital One Financial Co. will post 15.22 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio is currently 20.71%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the sale, the insider now owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. The trade was a 9.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the sale, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,256 shares of company stock worth $2,462,487 in the last quarter. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

COF has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a report on Monday. UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and raised their price objective for the company from $168.00 to $235.00 in a research note on Monday, January 13th. Royal Bank of Canada boosted their target price on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target for the company in a research report on Tuesday, January 14th. Finally, Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $196.31.

Capital One Financial Company 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.