Securian Asset Management Inc. Grows Stake in Capital One Financial Corporation $COF

Securian Asset Management Inc. grew its holdings in Capital One Financial Corporation (NYSE:COF) by 65.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 33,442 shares of the financial services provider’s stock after acquiring an additional 13,232 shares during the quarter. Securian Asset Management Inc.’s holdings in Capital One Financial were worth $7,115,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock worth $10,010,000 after buying an additional 9,374 shares during the last quarter. Plancorp LLC purchased a new position in Capital One Financial during the 2nd quarter worth approximately $272,000. Creative Financial Designs Inc. ADV grew its stake in Capital One Financial by 105.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock worth $138,000 after buying an additional 394 shares during the last quarter. Private Advisor Group LLC grew its stake in Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after buying an additional 1,312 shares during the last quarter. Finally, Mutual Advisors LLC purchased a new position in Capital One Financial during the 1st quarter worth approximately $215,000. 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 a number of research reports. JPMorgan Chase & Co. dropped their price target on Capital One Financial from $248.00 to $235.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Truist Financial increased their price objective on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $252.78.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the transaction, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock valued at $5,103,824 over the last 90 days. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Stock Up 1.7%

COF opened at $214.98 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50 day simple moving average of $219.15 and a 200-day simple moving average of $204.10. The stock has a market capitalization of $137.48 billion, a P/E ratio of 110.25, a P/E/G ratio of 0.76 and a beta of 1.18. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.14 earnings per share. On average, equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Capital One Financial Company Profile

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.