Proficio Capital Partners LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, Holdings Channel reports. The firm purchased 5,171 shares of the financial services provider’s stock, valued at approximately $1,037,000.
A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Capital One Financial by 0.5% in the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after purchasing an additional 236,643 shares during the last quarter. Franklin Resources Inc. grew its holdings in Capital One Financial by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock valued at $3,023,795,000 after buying an additional 638,158 shares in the last quarter. Morgan Stanley grew its holdings in Capital One Financial by 3.9% in the 4th quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock valued at $2,103,196,000 after buying an additional 323,350 shares in the last quarter. Norges Bank acquired a new stake in shares of Capital One Financial in the 4th quarter worth $2,089,803,000. Finally, Davis Selected Advisers raised its holdings in shares of Capital One Financial by 2.8% during the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after acquiring an additional 234,649 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.
Insiders Place Their Bets
In other news, insider Celia Karam sold 1,888 shares of Capital One Financial stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $425,781.76. Following the completion of the sale, the insider directly owned 59,708 shares of the company’s stock, valued at approximately $13,465,348.16. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the transaction, the insider owned 63,261 shares of the company’s stock, valued at $14,266,620.72. This trade represents a 3.35% 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. In the last three months, insiders sold 26,267 shares of company stock valued at $5,617,648. Insiders own 0.78% of the company’s stock.
Capital One Financial Trading Up 0.6%
Capital One Financial (NYSE:COF – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating 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 business had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same period in the previous year, the firm earned $5.48 EPS. The business’s revenue was up 26.9% on a year-over-year basis. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 20.29 earnings per share for the current year.
Capital One Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.
Analyst Ratings Changes
COF has been the topic of several recent research reports. BTIG Research boosted their price target on shares of Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Rothschild & Co Redburn reduced 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 note on Wednesday, April 29th. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Piper Sandler initiated coverage on shares of Capital One Financial in a report on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price on the stock. Finally, Barclays cut their price target on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $258.91.
Get Our Latest Analysis on Capital One Financial
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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