OneDigital Investment Advisors LLC boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 51.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 6,684 shares of the financial services provider’s stock after buying an additional 2,259 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Capital One Financial were worth $1,341,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its position in Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after purchasing an additional 10,428 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Capital One Financial by 44.3% during the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock valued at $1,608,000 after purchasing an additional 2,753 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Capital One Financial by 118.3% in the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 1,788 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Capital One Financial in the second quarter worth $218,000. Finally, Jump Financial LLC bought a new stake in Capital One Financial during the 2nd quarter valued at $1,086,000. 89.84% of the stock is currently owned by institutional investors.
Capital One Financial Trading Down 2.5%
NYSE:COF opened at $221.77 on Tuesday. The company has a 50-day moving average price of $205.76 and a 200-day moving average price of $198.08. The stock has a market cap of $136.05 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 0.84 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64.
Capital One Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. Capital One Financial’s dividend payout ratio is 19.80%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on COF. Piper Sandler assumed coverage on shares of Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Citigroup cut their target price on Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $259.36.
Insider Transactions at Capital One Financial
In other news, insider Ravi Raghu sold 9,726 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the transaction, the general counsel owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. The trade was a 3.74% 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 have sold a total of 22,186 shares of company stock worth $4,697,301 over the last quarter. Insiders own 0.78% of the company’s stock.
Capital One Financial 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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