Cullen Frost Bankers Inc. Purchases 2,005 Shares of Capital One Financial Corporation $COF

Cullen Frost Bankers Inc. grew its position in shares of Capital One Financial Corporation (NYSE:COF) by 17.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,389 shares of the financial services provider’s stock after acquiring an additional 2,005 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Capital One Financial were worth $2,849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Eagle Bay Advisors LLC grew its holdings in Capital One Financial by 3.6% during the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock worth $299,000 after buying an additional 49 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its holdings in Capital One Financial by 0.3% during the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider’s stock worth $3,532,000 after buying an additional 50 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings in Capital One Financial by 66.7% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after buying an additional 50 shares in the last quarter. TFB Advisors LLC grew its holdings in Capital One Financial by 3.4% during the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider’s stock worth $276,000 after buying an additional 51 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in Capital One Financial by 0.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider’s stock worth $1,097,000 after buying an additional 53 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.2%

Shares of NYSE COF opened at $219.94 on Friday. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.02. The business’s fifty day moving average price is $219.19 and its 200-day moving average price is $204.75. The stock has a market capitalization of $140.65 billion, a PE ratio of 92.80, a P/E/G ratio of 0.79 and a beta of 1.18.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The firm had revenue of $15.36 billion for the quarter, compared to analysts’ expectations of $15.06 billion. During the same quarter in the prior year, the firm earned $4.51 EPS. The business’s revenue for the quarter was up 53.4% compared to the same quarter last year. On average, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

Insider Activity 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 transaction of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 sale, the chief accounting officer owned 8,780 shares in the company, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,184 shares of company stock worth $2,799,248. 1.26% of the stock is owned by company insiders.

Analyst Ratings Changes

COF has been the subject of several recent research reports. Rothschild & Co Redburn initiated coverage on Capital One Financial in a report on Friday, August 1st. They set a “buy” rating and a $290.00 price target for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Capital One Financial in a report on Wednesday, October 8th. Truist Financial boosted 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. Wolfe Research boosted their price objective on Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, HSBC boosted their price objective on Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.79.

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.