Perigon Wealth Management LLC Has $586,000 Stock Position in Capital One Financial Co. (NYSE:COF)

Perigon Wealth Management LLC increased its holdings in Capital One Financial Co. (NYSE:COF) by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,108 shares of the financial services provider’s stock after acquiring an additional 445 shares during the period. Perigon Wealth Management LLC’s holdings in Capital One Financial were worth $586,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in shares of Capital One Financial by 5.1% during the second quarter. Cetera Investment Advisers now owns 44,856 shares of the financial services provider’s stock valued at $6,210,000 after buying an additional 2,183 shares during the last quarter. Czech National Bank boosted its holdings in Capital One Financial by 6.8% during the 3rd quarter. Czech National Bank now owns 77,788 shares of the financial services provider’s stock worth $11,647,000 after acquiring an additional 4,975 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Capital One Financial by 1.6% in the 3rd quarter. Park Avenue Securities LLC now owns 20,560 shares of the financial services provider’s stock worth $3,078,000 after acquiring an additional 322 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Capital One Financial by 3.9% in the third quarter. Handelsbanken Fonder AB now owns 75,586 shares of the financial services provider’s stock valued at $11,317,000 after purchasing an additional 2,819 shares during the last quarter. Finally, Eagle Rock Investment Company LLC boosted its holdings in Capital One Financial by 56.0% during the third quarter. Eagle Rock Investment Company LLC now owns 21,158 shares of the financial services provider’s stock worth $3,168,000 after purchasing an additional 7,593 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.3 %

Capital One Financial stock opened at $204.02 on Friday. The firm has a 50 day simple moving average of $186.82 and a 200 day simple moving average of $164.25. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $208.63. The firm has a market capitalization of $77.78 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.25 and a beta of 1.46.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $2.81 earnings per share. On average, analysts predict that Capital One Financial Co. will post 15.4 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Insider Activity

In other 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 transaction of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kara West sold 721 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the completion of the transaction, the insider now owns 12,929 shares in the company, valued at approximately $2,388,374.17. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,256 shares of company stock worth $2,462,487. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

COF has been the subject of several analyst reports. Royal Bank of Canada increased their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Truist Financial increased their price target on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group raised their target price on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Robert W. Baird increased their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.31.

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.