Global Retirement Partners LLC Purchases New Position in Capital One Financial Corporation $COF

Global Retirement Partners LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,018 shares of the financial services provider’s stock, valued at approximately $3,615,000.

Several other institutional investors and hedge funds have also bought and sold shares of COF. 1ST Source Bank bought a new stake in shares of Capital One Financial in the 2nd quarter worth approximately $368,000. SCS Capital Management LLC boosted its holdings in Capital One Financial by 10.5% in the second quarter. SCS Capital Management LLC now owns 33,883 shares of the financial services provider’s stock valued at $6,798,000 after acquiring an additional 3,213 shares in the last quarter. Bank of New York Mellon Corp increased its position in Capital One Financial by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock valued at $1,127,733,000 after purchasing an additional 187,532 shares during the period. Sandro Wealth Management LLC increased its position in Capital One Financial by 20.3% during the 2nd quarter. Sandro Wealth Management LLC now owns 1,920 shares of the financial services provider’s stock valued at $385,000 after purchasing an additional 324 shares during the period. Finally, Focus Partners Advisor Solutions LLC raised its holdings in Capital One Financial by 13.4% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 16,021 shares of the financial services provider’s stock worth $3,214,000 after purchasing an additional 1,899 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.1%

NYSE:COF opened at $227.19 on Monday. The firm’s 50-day moving average price is $204.93 and its 200-day moving average price is $198.05. The company has a market capitalization of $139.37 billion, a PE ratio of 14.06, a P/E/G ratio of 0.84 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64.

Capital One Financial (NYSE:COFGet Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company 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 earned $5.48 EPS. Capital One Financial’s quarterly revenue was up 26.9% compared to the same quarter last year. On average, equities analysts predict that Capital One Financial Corporation will post 20.19 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio is 19.80%.

Insider Buying and Selling at Capital One Financial

In other news, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares in the company, valued at approximately $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel directly owned 90,194 shares in the company, valued at approximately $18,760,352. This represents a 3.74% 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 a total of 22,186 shares of company stock worth $4,697,301 over the last three months. Company insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on COF shares. Barclays dropped their target price on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Argus decreased their price target on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Truist Financial cut their price objective on Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, UBS Group upped their target price on Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $259.36.

Read Our Latest Research Report on COF

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.

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

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