Chesapeake Wealth Management Invests $222,000 in Capital One Financial Co. (NYSE:COF)

Chesapeake Wealth Management 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 1,245 shares of the financial services provider’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors also recently modified their holdings of COF. Grove Bank & Trust grew its position in shares of Capital One Financial by 7.0% during the 4th quarter. Grove Bank & Trust now owns 973 shares of the financial services provider’s stock valued at $174,000 after buying an additional 64 shares during the last quarter. Prossimo Advisors LLC grew its position in shares of Capital One Financial by 2.4% during the 3rd 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 during the last quarter. City Holding Co. grew its position in shares of Capital One Financial by 1.3% during the 4th quarter. City Holding Co. now owns 5,010 shares of the financial services provider’s stock valued at $893,000 after buying an additional 65 shares during the last quarter. Arkadios Wealth Advisors grew 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 buying an additional 66 shares during the last quarter. Finally, Baldwin Investment Management LLC grew its position in shares of Capital One Financial by 0.6% during the 3rd quarter. Baldwin Investment Management LLC now owns 12,215 shares of the financial services provider’s stock valued at $1,829,000 after buying an additional 70 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price for the company in a research report on Tuesday, January 14th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $168.00 to $235.00 in a research report on Monday, January 13th. The Goldman Sachs Group upped their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Barclays upgraded shares of Capital One Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $158.00 to $219.00 in a research report on Monday, January 6th. Finally, Wells Fargo & Company upped their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $188.06.

Capital One Financial Stock Up 1.4 %

COF stock opened at $191.16 on Tuesday. Capital One Financial Co. has a 12 month low of $123.23 and a 12 month high of $198.30. The firm has a market cap of $72.88 billion, a PE ratio of 18.05, a P/E/G ratio of 1.12 and a beta of 1.46. The firm has a 50 day simple moving average of $183.82 and a 200 day simple moving average of $160.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00.

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

Capital One Financial Dividend Announcement

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

Insider Activity at Capital One Financial

In related news, insider Kara West sold 721 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares in the company, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were 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. This trade represents a 9.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,256 shares of company stock worth $2,462,487. 1.30% of the stock is owned by corporate insiders.

About Capital One Financial

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.