Aberdeen Group plc Boosts Stock Holdings in Capital One Financial Corporation $COF

Key Points

• Aberdeen Group plc significantly increased its stake in Capital One Financial by acquiring an additional 138,000 shares, raising its total ownership to 272,154 shares valued at approximately $48.16 million.
• Capital One Financial reported earnings of $5.48 per share, exceeding analysts' expectations of $1.93, while its revenue for the quarter was $12.49 billion, slightly below forecasts.
• The company recently declared a quarterly dividend of $0.60 per share with an annualized yield of 1.1%, indicating a dividend payout ratio of 123.08%.

Aberdeen Group plc grew its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 102.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,154 shares of the financial services provider's stock after purchasing an additional 138,000 shares during the quarter. Aberdeen Group plc owned approximately 0.07% of Capital One Financial worth $48,158,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of COF. Opal Wealth Advisors LLC raised its holdings in Capital One Financial by 3.1% in the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock valued at $386,000 after buying an additional 64 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in Capital One Financial by 13.9% during the 1st quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock worth $97,000 after purchasing an additional 66 shares during the last quarter. Aspiriant LLC raised its holdings in Capital One Financial by 2.4% during the 1st quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock worth $522,000 after purchasing an additional 67 shares during the last quarter. Citizens National Bank Trust Department raised its holdings in Capital One Financial by 25.7% during the 1st quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock worth $59,000 after purchasing an additional 67 shares during the last quarter. Finally, CVA Family Office LLC raised its holdings in Capital One Financial by 5.9% during the 1st quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider's stock worth $259,000 after purchasing an additional 80 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Trading Down 0.1%

Shares of COF stock traded down $0.20 during trading hours on Wednesday, hitting $214.42. 1,436,350 shares of the company were exchanged, compared to its average volume of 4,424,069. The firm has a market cap of $137.13 billion, a P/E ratio of 110.07, a P/E/G ratio of 0.84 and a beta of 1.16. Capital One Financial Corporation has a fifty-two week low of $131.55 and a fifty-two week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day simple moving average of $211.78 and a two-hundred day simple moving average of $193.80.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period last year, the business earned $3.14 EPS. The business's quarterly revenue was up 31.4% compared to the same quarter last year. Equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS 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. Investors of record on Friday, August 15th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Analyst Ratings Changes

COF has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Truist Financial raised their price target on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Bank of America raised their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

Insider Activity at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the sale, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,091 shares of company stock valued at $4,188,454. 1.26% of the stock is owned by company insiders.

Capital One Financial Company 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.