Envestnet Portfolio Solutions Inc. Has $7.71 Million Stake in Capital One Financial Corporation $COF

Envestnet Portfolio Solutions Inc. grew its position in shares of Capital One Financial Corporation (NYSE:COF) by 290.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 36,222 shares of the financial services provider’s stock after acquiring an additional 26,940 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Capital One Financial were worth $7,707,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in COF. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after buying an additional 117,427,549 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Capital One Financial in the 1st quarter worth approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Capital One Financial by 45.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock worth $838,609,000 after purchasing an additional 1,454,595 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Capital One Financial by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock worth $889,519,000 after purchasing an additional 950,415 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Capital One Financial in the 1st quarter worth approximately $141,599,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

COF opened at $214.08 on Wednesday. The stock has a market cap of $136.91 billion, a PE ratio of 109.78, a P/E/G ratio of 0.76 and a beta of 1.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The stock’s 50 day simple moving average is $219.00 and its 200-day simple moving average is $202.75.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.14 earnings per share. Sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial’s payout ratio is currently 123.08%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on COF. Rothschild & Co Redburn began coverage on Capital One Financial in a report on Friday, August 1st. They issued a “buy” rating and a $290.00 target price for the company. Barclays boosted their target price on Capital One Financial from $253.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Evercore ISI boosted their target price on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. Finally, TD Cowen lifted their price target on Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.78.

Insider Transactions at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company’s stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,298 shares of company stock valued at $5,103,824. Company insiders own 1.26% of the company’s stock.

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.