Oliver Luxxe Assets LLC Raises Stake in Capital One Financial Co. (NYSE:COF)

Oliver Luxxe Assets LLC lifted its stake in shares of Capital One Financial Co. (NYSE:COF) by 32.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,715 shares of the financial services provider’s stock after buying an additional 10,268 shares during the quarter. Capital One Financial comprises about 1.3% of Oliver Luxxe Assets LLC’s holdings, making the stock its 20th biggest holding. Oliver Luxxe Assets LLC’s holdings in Capital One Financial were worth $6,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Comerica Bank lifted its position in shares of Capital One Financial by 158.7% during the 3rd quarter. Comerica Bank now owns 87,852 shares of the financial services provider’s stock worth $8,526,000 after buying an additional 53,894 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Capital One Financial in the 4th quarter valued at $2,299,000. Montag A & Associates Inc. raised its position in Capital One Financial by 42,536.0% in the 4th quarter. Montag A & Associates Inc. now owns 21,318 shares of the financial services provider’s stock valued at $2,795,000 after purchasing an additional 21,268 shares during the last quarter. First Trust Direct Indexing L.P. raised its position in Capital One Financial by 14.3% in the 4th quarter. First Trust Direct Indexing L.P. now owns 12,715 shares of the financial services provider’s stock valued at $1,667,000 after purchasing an additional 1,588 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in Capital One Financial by 293.7% in the 1st quarter. Park Avenue Securities LLC now owns 15,659 shares of the financial services provider’s stock valued at $2,331,000 after purchasing an additional 11,682 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $134.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Evercore ISI dropped their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Wolfe Research raised shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target on the stock in a research note on Thursday, April 4th. Finally, Wells Fargo & Company upped their price target on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and an average price target of $141.20.

Insider Buying and Selling

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

Capital One Financial Trading Up 1.8 %

Shares of COF stock traded up $2.48 during trading hours on Monday, hitting $140.93. 1,624,874 shares of the company were exchanged, compared to its average volume of 2,517,710. The firm has a fifty day moving average of $139.80 and a 200 day moving average of $137.19. The firm has a market cap of $53.58 billion, a PE ratio of 11.04, a PEG ratio of 1.09 and a beta of 1.46. Capital One Financial Co. has a 1 year low of $88.23 and a 1 year high of $149.94. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.86.

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

Capital One Financial Announces Dividend

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

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.