Stonehage Fleming Financial Services Holdings Ltd Acquires New Stake in Capital One Financial Corporation $COF

Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,210 shares of the financial services provider’s stock, valued at approximately $644,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COF. 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 during the period. Swiss Life Asset Management Ltd grew its position 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 worth $28,076,000 after acquiring an additional 11,651 shares during the period. Sculptor Capital LP purchased a new position in Capital One Financial in the first quarter worth approximately $33,932,000. Nomura Asset Management Co. Ltd. increased its stake 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 worth $54,283,000 after acquiring an additional 6,225 shares during the last quarter. Finally, Truist Financial Corp increased its stake in Capital One Financial by 2.5% during the fourth quarter. Truist Financial Corp now owns 640,050 shares of the financial services provider’s stock worth $155,122,000 after acquiring an additional 15,644 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.1%

NYSE:COF opened at $216.91 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average is $210.04 and its two-hundred day moving average is $197.87. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The stock has a market capitalization of $133.07 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02.

Capital One Financial (NYSE:COFGet Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. During the same period last year, the business posted $5.48 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. Research analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio is presently 19.80%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group upped their price target on Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Citigroup reduced their price objective on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. JPMorgan Chase & Co. upped 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 report on Monday, July 13th. Finally, Bank of America lowered their target price on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Twenty-one analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $258.91.

Get Our Latest Analysis on Capital One Financial

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 2,193 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $494,565.36. Following the sale, the insider directly owned 63,261 shares in the company, valued at $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the sale, the general counsel directly owned 90,194 shares in the company, valued at $18,760,352. This represents 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 sold a total of 26,267 shares of company stock worth $5,617,648 over the last ninety days. Company insiders own 0.78% of the company’s stock.

Capital One Financial Profile

(Free Report)

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

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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