Manuka Financial LLC Invests $1.67 Million in Capital One Financial Co. (NYSE:COF)

Manuka Financial LLC bought a new position in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, HoldingsChannel reports. The firm bought 9,336 shares of the financial services provider’s stock, valued at approximately $1,665,000. Capital One Financial comprises about 1.1% of Manuka Financial LLC’s holdings, making the stock its 18th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Grove Bank & Trust boosted its holdings in Capital One Financial by 7.0% in the fourth quarter. Grove Bank & Trust now owns 973 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 64 shares during the last quarter. Cerro Pacific Wealth Advisors LLC lifted its stake in shares of Capital One Financial by 1.1% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 5,861 shares of the financial services provider’s stock valued at $1,045,000 after purchasing an additional 64 shares in the last quarter. Prossimo Advisors LLC grew its holdings 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 worth $410,000 after purchasing an additional 65 shares during the period. City Holding Co. increased its position in 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 worth $893,000 after purchasing an additional 65 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in Capital One Financial by 3.9% in the third 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 period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the topic of several analyst reports. Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $203.00 to $200.00 in a report on Monday, December 9th. Keefe, Bruyette & Woods lifted their target price on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Evercore ISI increased their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Barclays raised their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $196.31.

Capital One Financial Trading Down 0.3 %

Shares of COF stock opened at $204.02 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $77.78 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.25 and a beta of 1.46. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $208.63. The firm has a 50-day moving average price of $187.16 and a 200 day moving average price of $164.67.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the business earned $2.81 earnings per share. Capital One Financial’s quarterly revenue was up 7.2% on a year-over-year basis. Research analysts forecast that Capital One Financial Co. will post 15.4 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

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

Insider Buying and Selling

In other Capital One Financial news, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was 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 $3,211,029.12. This trade represents a 9.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kara West sold 721 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were 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 represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,256 shares of company stock valued at $2,462,487. 1.30% of the stock is owned by company 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.