Natixis Advisors LLC Increases Stock Position in Capital One Financial Corporation (NYSE:COF)

Natixis Advisors LLC grew its position in shares of Capital One Financial Corporation (NYSE:COF) by 4.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 164,448 shares of the financial services provider’s stock after buying an additional 7,458 shares during the quarter. Natixis Advisors LLC’s holdings in Capital One Financial were worth $29,486,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in COF. Beacon Capital Management LLC increased its stake in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 97 shares during the period. Bogart Wealth LLC raised its stake in Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 243 shares during the last quarter. Motco grew its stake in shares of Capital One Financial by 115.1% in the 1st quarter. Motco now owns 256 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 137 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of Capital One Financial in the first quarter valued at approximately $48,000. Finally, Bernard Wealth Management Corp. acquired a new position in shares of Capital One Financial in the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $207.47 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a twelve month low of $128.23 and a twelve month high of $232.45. The business has a 50 day simple moving average of $206.91 and a 200-day simple moving average of $192.61. The company has a market capitalization of $79.49 billion, a price-to-earnings ratio of 106.40, a price-to-earnings-growth ratio of 0.85 and a beta of 1.16.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period last year, the company posted $3.14 earnings per share. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial’s payout ratio is 123.08%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on COF shares. Citigroup upped their target price on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 24th. TD Cowen raised shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Barclays reaffirmed an “overweight” rating and issued a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Truist Financial upped their price objective on shares of Capital One Financial from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Finally, Wells Fargo & Company raised their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $238.81.

Insider Activity

In related news, insider Michael Zamsky sold 9,560 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the sale, the insider directly owned 20,089 shares in the company, valued at $4,005,746.60. This trade represents a 32.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the transaction, the director directly owned 56,244 shares of the company’s stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,332 shares of company stock valued at $4,540,285. Insiders own 1.26% of the company’s stock.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.