Golden State Wealth Management LLC Acquires New Position in Capital One Financial Co. (NYSE:COF)

Golden State Wealth Management LLC acquired a new stake in Capital One Financial Co. (NYSE:COF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 590 shares of the financial services provider’s stock, valued at approximately $105,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Asset Management One Co. Ltd. increased its holdings in Capital One Financial by 5.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock worth $21,976,000 after purchasing an additional 7,331 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Capital One Financial by 4.3% in the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock valued at $64,482,000 after acquiring an additional 17,825 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Capital One Financial by 4.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock worth $8,234,000 after acquiring an additional 2,006 shares in the last quarter. Catalina Capital Group LLC increased its position in Capital One Financial by 8.1% during the 3rd quarter. Catalina Capital Group LLC now owns 1,609 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 121 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in shares of Capital One Financial in the 3rd quarter valued at about $1,649,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Performance

Shares of COF stock opened at $203.13 on Monday. The stock has a market cap of $77.44 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $208.63. The business has a 50-day simple moving average of $188.30 and a 200-day simple moving average of $166.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter last year, the company earned $2.81 EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities analysts expect that Capital One Financial Co. will post 15.41 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.18%. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 10,541 shares of Capital One Financial 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 completion of the transaction, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. The trade was a 28.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price target on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Argus raised Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a research note on Tuesday, January 14th. Finally, Truist Financial increased their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.