5,919 Shares in Capital One Financial Corporation $COF Bought by Bamco Inc. NY

Key Points

• Bamco Inc. NY bought 5,919 shares of Capital One Financial in the second quarter, valued at approximately $1.19 million. Institutional investors and hedge funds collectively own 89.84% of the company.
• Capital One reported quarterly EPS of $5.81, beating estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion. The company also declared a quarterly dividend of $0.80 per share, representing a 1.5% yield.
• Analyst sentiment remains favorable, with 21 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $258.91. Meanwhile, insiders sold 26,267 shares worth about $5.62 million over the last quarter.

Bamco Inc. NY bought a new stake in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,919 shares of the financial services provider's stock, valued at approximately $1,187,000.

Several other hedge funds also recently modified their holdings of the business. HighTower Advisors LLC grew its holdings in Capital One Financial by 18.1% in 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 last quarter. Swiss Life Asset Management Ltd grew its stake in shares of 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 last quarter. Sculptor Capital LP bought a new position in Capital One Financial during the first quarter worth $33,932,000. Nomura Asset Management Co. Ltd. grew its position 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 buying an additional 6,225 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in Capital One Financial by 2.5% in the 4th quarter. Truist Financial Corp now owns 640,050 shares of the financial services provider's stock valued at $155,122,000 after acquiring an additional 15,644 shares in 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 stock has a fifty day moving average of $210.04 and a 200-day moving average of $197.87. The stock has a market capitalization of $133.07 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get 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, beating the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm's revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.48 earnings per share. On average, equities research analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial's dividend payout ratio (DPR) is currently 19.80%.

Analyst Ratings Changes

A number of brokerages have commented on COF. Weiss Ratings upgraded Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. Citigroup decreased their price target on Capital One Financial from $310.00 to $295.00 and set a "buy" rating on the stock in a research note on Tuesday, July 28th. Wolfe Research upped their price target on Capital One Financial from $255.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday. Barclays dropped their price objective on Capital One Financial from $242.00 to $240.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Finally, BTIG Research lifted their price objective on Capital One Financial from $224.00 to $259.00 and gave the company a "buy" rating in a report on Tuesday, June 30th. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $258.91.

Insider Buying and Selling at Capital One Financial

In related news, insider Ravi Raghu sold 9,726 shares of the business's 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 owned 26,328 shares in the company, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. The sale 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 company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the sale, the insider directly owned 63,261 shares of the company's stock, valued at $14,266,620.72. The trade was 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 26,267 shares of company stock valued at $5,617,648 over the last quarter. 0.78% of the stock is owned by corporate insiders.

Capital One Financial Company 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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