NewEdge Wealth LLC decreased its position in Capital One Financial Corporation (NYSE:COF) by 46.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 6,003 shares of the financial services provider’s stock after selling 5,159 shares during the period. NewEdge Wealth LLC’s holdings in Capital One Financial were worth $1,095,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of COF. Wealth Enhancement Trust Services Inc. acquired a new position in shares of Capital One Financial during the 4th quarter valued at $1,303,000. HighTower Advisors LLC grew its holdings in Capital One Financial by 18.1% in the fourth quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock worth $85,739,000 after purchasing an additional 54,263 shares during the period. Swiss Life Asset Management Ltd increased its stake in Capital One Financial by 11.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock valued at $28,076,000 after purchasing an additional 11,651 shares in the last quarter. Vanguard Group Inc. increased its stake in Capital One Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock valued at $13,789,615,000 after purchasing an additional 360,071 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Capital One Financial by 2.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock valued at $54,283,000 after purchasing an additional 6,225 shares during the period. Institutional investors own 89.84% of the company’s stock.
Insider Buying and Selling
In related news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the transaction, the general counsel owned 90,194 shares of the company’s stock, valued at $18,760,352. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the sale, the insider owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This trade represents a 2.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,749 shares of company stock worth $1,708,577 in the last 90 days. Corporate insiders own 0.78% of the company’s stock.
Capital One Financial Stock Up 2.0%
Capital One Financial (NYSE:COF – Get Free Report) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same quarter in the prior year, the business posted $5.48 EPS. The firm’s revenue was up 26.9% compared to the same quarter last year. On average, equities research analysts predict that Capital One Financial Corporation will post 20.13 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. Stockholders of record on Tuesday, May 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is 19.80%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research report on Wednesday, June 24th. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $226.00 to $229.00 in a research report on Sunday, July 12th. Barclays dropped their price target on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Morgan Stanley cut their price target on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Finally, Piper Sandler initiated coverage on Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 price objective for the company. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $259.82.
Get Our Latest Analysis on COF
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.
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