Artemis Investment Management LLP Acquires Shares of 263,093 Capital One Financial Co. (NYSE:COF)

Artemis Investment Management LLP bought a new position in Capital One Financial Co. (NYSE:COF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 263,093 shares of the financial services provider’s stock, valued at approximately $46,915,000. Artemis Investment Management LLP owned about 0.07% of Capital One Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of COF. Prossimo Advisors LLC raised its stake in Capital One Financial by 2.4% during the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock valued at $410,000 after buying an additional 65 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of Capital One Financial by 3.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 66 shares in the last quarter. Baldwin Investment Management LLC lifted its stake in Capital One Financial by 0.6% during the third quarter. Baldwin Investment Management LLC now owns 12,215 shares of the financial services provider’s stock worth $1,829,000 after purchasing an additional 70 shares during the last quarter. Harbour Investments Inc. boosted its holdings in Capital One Financial by 0.7% in the third quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider’s stock worth $1,434,000 after purchasing an additional 71 shares during the period. Finally, Arvest Investments Inc. increased its stake in Capital One Financial by 1.2% during the third quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider’s stock valued at $975,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on COF. Bank of America lowered shares of Capital One Financial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $203.00 to $200.00 in a report on Monday, December 9th. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price for the company in a report on Tuesday, January 14th. The Goldman Sachs Group raised their price target on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Truist Financial initiated coverage on Capital One Financial in a research note on Tuesday, January 7th. They issued a “buy” rating and a $229.00 target price on the stock. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $188.06.

Capital One Financial Trading Up 1.4 %

Shares of NYSE:COF opened at $191.16 on Friday. The company has a 50 day moving average of $183.82 and a 200-day moving average of $160.31. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The firm has a market cap of $72.88 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.12 and a beta of 1.46. Capital One Financial Co. has a twelve month low of $123.23 and a twelve month high of $198.30.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same period last year, the company posted $4.45 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, analysts anticipate that Capital One Financial Co. will post 13.41 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.26%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kara West sold 721 shares of Capital One Financial stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the transaction, the insider now directly owns 12,929 shares in the company, valued at $2,388,374.17. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,256 shares of company stock valued at $2,462,487. 1.30% of the stock is owned by insiders.

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.