Empowered Funds LLC bought a new position in Capital One Financial Corporation (NYSE:COF) during the second quarter, Holdings Channel reports. The firm bought 109,768 shares of the financial services provider’s stock, valued at approximately $22,022,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in shares of Capital One Financial by 18.1% during the 4th quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock valued at $85,739,000 after buying an additional 54,263 shares in the last quarter. Swiss Life Asset Management Ltd increased its stake in Capital One Financial by 11.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock worth $28,076,000 after acquiring an additional 11,651 shares during the last quarter. Sculptor Capital LP bought a new stake in Capital One Financial during the first quarter worth approximately $33,932,000. Nomura Asset Management Co. Ltd. raised its position in 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. Finally, Truist Financial Corp lifted its stake in shares of Capital One Financial by 2.5% in the 4th quarter. Truist Financial Corp now owns 640,050 shares of the financial services provider’s stock valued at $155,122,000 after purchasing an additional 15,644 shares during the last quarter. 89.84% of the stock is owned by institutional investors.
Analyst Ratings Changes
COF has been the topic of several analyst reports. Wolfe Research boosted their target price on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. HSBC upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $226.00 to $229.00 in a report on Sunday, July 12th. Finally, Bank of America cut their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Twenty-one equities 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, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $258.91.
Insider Buying and Selling
In other Capital One Financial news, insider Ravi Raghu sold 9,726 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the sale, the insider directly owned 26,328 shares of the company’s stock, valued at $5,523,087.84. The trade was a 26.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the transaction, the insider directly owned 63,261 shares in the company, valued at approximately $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. Insiders sold 26,267 shares of company stock worth $5,617,648 over the last 90 days. Corporate insiders own 0.78% of the company’s stock.
Capital One Financial Stock Performance
Shares of Capital One Financial stock opened at $216.91 on Friday. The stock’s fifty day moving average is $210.04 and its two-hundred day moving average is $197.87. The company has a market capitalization of $133.07 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64.
Capital One Financial (NYSE:COF – Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period last year, the company earned $5.48 earnings per share. As a group, analysts expect that Capital One Financial Corporation will post 20.29 earnings per share for the current year.
Capital One Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.
About Capital One Financial
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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