Amundi Increases Position in Capital One Financial Corporation $COF

Key Points

• Amundi increased its Capital One Financial stake by 16% in the second quarter, adding 490,784 shares to own roughly 0.58% of the company, valued at $713.8 million. Institutional investors collectively hold 89.84% of COF’s outstanding shares.
• 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 maintains a quarterly dividend of $0.80 per share, representing a 1.5% yield.
• Analysts remain broadly positive, with 21 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $258.91, compared with the stock’s reported opening price of $219.43.

Amundi grew its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 16.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,558,138 shares of the financial services provider's stock after purchasing an additional 490,784 shares during the period. Amundi owned approximately 0.58% of Capital One Financial worth $713,834,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Evolution Wealth Management Inc. boosted its stake in shares of Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 90 shares during the period. Solstein Capital LLC purchased a new stake in Capital One Financial during the 2nd quarter worth approximately $26,000. VSM Wealth Advisory LLC acquired a new stake in Capital One Financial during the 4th quarter worth approximately $27,000. Cherry Tree Wealth Management LLC boosted its position in Capital One Financial by 1,312.5% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider's stock valued at $27,000 after buying an additional 105 shares during the period. Finally, Ballast Advisors LLC purchased a new position in Capital One Financial in the 1st quarter valued at approximately $27,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $219.43 on Monday. The firm has a market capitalization of $134.62 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.81 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 quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm's 50 day moving average is $211.80 and its two-hundred day moving average is $198.00.

Capital One Financial (NYSE:COF - Get Free Report) last issued its 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. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion during the quarter, compared to analysts' expectations of $15.76 billion. During the same quarter in the prior year, the business posted $5.48 EPS. The company's revenue for the quarter was up 26.9% on a year-over-year basis. Research analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial's payout ratio is 19.80%.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of recent research reports. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Wolfe Research boosted their target price on Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a research report on Thursday, August 20th. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Finally, BTIG Research raised their target price on shares of 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 given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $258.91.

Insider Buying and Selling

In other news, insider Celia Karam sold 1,888 shares of the firm'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 $425,781.76. Following the transaction, the insider directly owned 59,708 shares in the company, valued at approximately $13,465,348.16. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the company's stock in a transaction 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 sale, the insider owned 26,328 shares of the company's stock, valued at approximately $5,523,087.84. This trade represents a 26.98% 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 have sold 29,767 shares of company stock valued at $6,366,998 in the last 90 days. Company insiders own 0.78% of the company's stock.

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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