AG2R LA Mondiale Gestion D Actifs Purchases Shares of 24,481 Capital One Financial Corporation $COF

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 24,481 shares of Capital One Financial Corporation, valued at approximately $4.63 million, indicating growing institutional interest in the company.
• Capital One reported quarterly earnings of $5.48 per share, significantly exceeding analysts' expectations of $1.93, while quarterly revenue rose 31.4% year-over-year.
• The company declared a quarterly dividend of $0.60 per share, representing an annualized yield of 1.1%, though its payout ratio is notably high at 123.08%.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Capital One Financial Corporation (NYSE:COF) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,481 shares of the financial services provider's stock, valued at approximately $4,631,000.

Several other large investors have also recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its holdings in Capital One Financial by 80.7% in the 1st quarter. Voya Investment Management LLC now owns 988,638 shares of the financial services provider's stock valued at $177,263,000 after acquiring an additional 441,382 shares in the last quarter. Modern Wealth Management LLC grew its stake in shares of Capital One Financial by 5.0% in the 1st quarter. Modern Wealth Management LLC now owns 4,988 shares of the financial services provider's stock valued at $894,000 after purchasing an additional 238 shares during the period. Strs Ohio bought a new stake in shares of Capital One Financial in the 1st quarter valued at approximately $24,618,000. Advisors Capital Management LLC grew its stake in shares of Capital One Financial by 30.5% in the 1st quarter. Advisors Capital Management LLC now owns 1,683 shares of the financial services provider's stock valued at $302,000 after purchasing an additional 393 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Capital One Financial by 8.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,803 shares of the financial services provider's stock valued at $1,399,000 after purchasing an additional 615 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $224.56 on Friday. The business's 50 day moving average price is $217.84 and its two-hundred day moving average price is $196.29. The company has a market cap of $143.61 billion, a PE ratio of 115.16, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a twelve month low of $134.73 and a twelve month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. Capital One Financial's quarterly revenue was up 31.4% compared to the same quarter last year. During the same period last year, the firm earned $3.14 EPS. On average, analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's payout ratio is currently 123.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Barclays restated an "overweight" rating and set a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. increased their price target on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Insider Transactions at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,298 shares of company stock worth $4,679,844. Insiders own 1.26% of the company's stock.

About Capital One Financial

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.

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