Empirical Finance LLC Has $2.38 Million Holdings in Capital One Financial Co. (NYSE:COF)

Empirical Finance LLC trimmed its stake in Capital One Financial Co. (NYSE:COF) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,331 shares of the financial services provider’s stock after selling 192 shares during the period. Empirical Finance LLC’s holdings in Capital One Financial were worth $2,377,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of COF. Asset Management One Co. Ltd. raised its position in shares of Capital One Financial by 5.3% during the third quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock worth $21,976,000 after acquiring an additional 7,331 shares during the last quarter. Principal Financial Group Inc. increased its position in Capital One Financial by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock valued at $64,482,000 after purchasing an additional 17,825 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised 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 purchasing an additional 2,006 shares during the last quarter. Catalina Capital Group LLC lifted its position in shares of Capital One Financial by 8.1% in the 3rd quarter. Catalina Capital Group LLC now owns 1,609 shares of the financial services provider’s stock worth $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 $1,649,000. 89.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COF has been the topic of several recent analyst reports. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $168.00 to $235.00 in a report on Monday, January 13th. Wells Fargo & Company boosted their price objective on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. The Goldman Sachs Group raised their target price on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Truist Financial boosted their price target on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Royal Bank of Canada raised their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.31.

Insider Activity 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 transaction, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

Capital One Financial Stock Down 1.7 %

Shares of NYSE:COF opened at $203.13 on Monday. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $208.63. The company has a market capitalization 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. The business has a fifty day moving average price of $188.30 and a two-hundred day moving average price of $166.72. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98.

Capital One Financial (NYSE:COF) last posted 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 analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.81 earnings per share. Analysts forecast that Capital One Financial Co. will post 15.41 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued 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 presently 20.71%.

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.