Capital International Investors raised its stake in Capital One Financial Corporation (NYSE:COF) by 0.5% during the 4th quarter, Holdings Channel reports. The fund owned 4,062,559 shares of the financial services provider’s stock after acquiring an additional 22,151 shares during the period. Capital International Investors’ holdings in Capital One Financial were worth $984,705,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Capital One Financial by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock valued at $13,789,615,000 after acquiring an additional 360,071 shares during the period. Franklin Resources Inc. raised its holdings in Capital One Financial by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock valued at $2,516,587,000 after acquiring an additional 1,339,215 shares during the period. Norges Bank bought a new position in Capital One Financial in the 4th quarter valued at about $2,089,803,000. Davis Selected Advisers raised its holdings in Capital One Financial by 2.8% in the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock valued at $2,087,878,000 after acquiring an additional 234,649 shares during the period. Finally, Capital Research Global Investors raised its holdings in Capital One Financial by 3.7% in the 3rd quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider’s stock valued at $1,791,264,000 after acquiring an additional 302,733 shares during the period. 89.84% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
COF has been the topic of a number of analyst reports. BTIG Research restated a “buy” rating and set a $224.00 target price on shares of Capital One Financial in a research report on Wednesday, April 22nd. Rothschild & Co Redburn decreased their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Evercore decreased their target price on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. UBS Group decreased their target price on shares of Capital One Financial from $283.00 to $270.00 in a research report on Wednesday, May 6th. Finally, Truist Financial decreased their target price on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Seventeen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $258.75.
Insider Buying and Selling
In related news, insider Lia Dean sold 1,692 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the transaction, the insider directly owned 65,454 shares in the company, valued at $12,148,916.94. This represents a 2.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the transaction, the general counsel owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. This represents a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,040 shares of company stock worth $1,498,615 in the last three months. 0.78% of the stock is owned by corporate insiders.
Capital One Financial Stock Performance
Shares of Capital One Financial stock opened at $180.58 on Friday. The company has a 50 day moving average of $189.03 and a 200-day moving average of $208.10. Capital One Financial Corporation has a 1-year low of $174.98 and a 1-year high of $259.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The company has a market cap of $112.37 billion, a PE ratio of 63.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.03.
Capital One Financial (NYSE:COF – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The company had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.Capital One Financial’s revenue for the quarter was up 52.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.06 earnings per share. As a group, equities research analysts forecast that Capital One Financial Corporation will post 19.13 earnings per share for the current fiscal year.
Capital One Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is currently 112.28%.
Capital One Financial Company Profile
Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.
Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.
See Also
- Five stocks we like better than Capital One Financial
- Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
- IREN’s 800MW Bet Flips the AI Power Switch
- CrowdStrike Earnings Beat Sparks Selloff—Buy the Dip?
- Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test
Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF – Free Report).
Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.
