Corient Private Wealth LP acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 488,576 shares of the financial services provider’s stock, valued at approximately $98,018,000.
Several other large investors have also recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. lifted its holdings in Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares in the last quarter. Solstein Capital LLC acquired a new position in shares of Capital One Financial in the second quarter worth $26,000. VSM Wealth Advisory LLC acquired a new position in shares of Capital One Financial in the fourth quarter worth $27,000. Cherry Tree Wealth Management LLC increased its position in shares of Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 105 shares during the period. Finally, Ballast Advisors LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Capital One Financial
In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total transaction of $728,000.00. Following the sale, the general counsel owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the business’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 sale, the insider owned 63,261 shares of the company’s stock, valued at $14,266,620.72. This represents a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,267 shares of company stock valued at $5,617,648 over the last three months. 0.78% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on Capital One Financial
Capital One Financial Stock Performance
NYSE:COF opened at $217.55 on Thursday. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $133.46 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02. The business’s fifty day moving average price is $209.74 and its 200 day moving average price is $197.92.
Capital One Financial (NYSE:COF – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The company 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%.Capital One Financial’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the previous year, the business earned $5.48 EPS. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.
Capital One Financial Dividend Announcement
The firm 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 is Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s payout ratio is presently 19.80%.
Capital One Financial Profile
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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