Van ECK Associates Corp boosted its stake in Capital One Financial Corporation (NYSE:COF) by 10.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,360 shares of the financial services provider’s stock after buying an additional 3,888 shares during the period. Van ECK Associates Corp’s holdings in Capital One Financial were worth $8,298,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of COF. Evolution Wealth Management Inc. lifted its stake in shares of Capital One Financial by 529.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 90 shares during the period. Solstein Capital LLC purchased a new position in shares of Capital One Financial in the 2nd quarter worth about $26,000. VSM Wealth Advisory LLC bought a new position in Capital One Financial in the 4th quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC lifted its stake in Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 105 shares during the period. Finally, Ballast Advisors LLC bought a new position in shares of Capital One Financial during the 1st quarter valued at $27,000. 89.84% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, insider Lia Dean sold 2,193 shares of the 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 completion of the transaction, the insider directly owned 63,261 shares in the company, valued at approximately $14,266,620.72. This represents a 3.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,888 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $425,781.76. Following the transaction, the insider owned 59,708 shares of the company’s stock, valued at $13,465,348.16. This trade represents a 3.07% 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. Over the last quarter, insiders have sold 26,267 shares of company stock worth $5,617,648. Insiders own 0.78% of the company’s stock.
Capital One Financial Trading Down 1.7%
Capital One Financial (NYSE:COF – Get Free Report) last issued 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. The firm had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. Capital One Financial’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.48 earnings per share. On average, equities analysts expect that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.
Capital One Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on COF shares. Bank of America lowered their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Piper Sandler initiated coverage on shares of Capital One Financial in a research report on Monday, June 29th. They issued an “overweight” rating and a $254.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Finally, Barclays lowered their target price on shares of 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. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $258.91.
View Our Latest Stock Report on Capital One Financial
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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