APG Asset Management N.V. Boosts Stock Position in Capital One Financial Corporation $COF

Key Points

• APG Asset Management N.V. increased its stake in Capital One Financial by 0.8%, owning 242,990 shares valued at approximately $40.33 million.
• Insiders, including Michael Zamsky, sold a combined 19,298 shares worth over $4 million in recent transactions, indicating a 16.77% decrease in Zamsky's holdings.
• Analysts have upgraded their ratings for Capital One, with target prices ranging from $253 to $275, reflecting a positive outlook for the stock.

APG Asset Management N.V. increased its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 242,990 shares of the financial services provider's stock after acquiring an additional 1,953 shares during the period. APG Asset Management N.V. owned about 0.06% of Capital One Financial worth $40,333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Beacon Capital Management LLC lifted its stake in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 97 shares during the last quarter. Bogart Wealth LLC raised its position in Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 243 shares during the last quarter. Motco raised its position in Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 137 shares during the last quarter. Rossby Financial LCC bought a new position in Capital One Financial during the 1st quarter valued at approximately $48,000. Finally, Bernard Wealth Management Corp. bought a new position in Capital One Financial during the 1st quarter valued at approximately $54,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Up 1.7%

Shares of NYSE:COF traded up $3.78 during trading on Tuesday, hitting $224.88. The stock had a trading volume of 3,671,782 shares, compared to its average volume of 3,360,861. Capital One Financial Corporation has a 12 month low of $131.55 and a 12 month high of $232.45. The company has a market capitalization of $143.81 billion, a PE ratio of 115.32, a PEG ratio of 0.86 and a beta of 1.16. The firm's fifty day moving average is $214.03 and its 200 day moving average is $194.35. 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 (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the company posted $3.14 EPS. The firm's revenue was up 31.4% on a year-over-year basis. Analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a $0.60 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio is presently 123.08%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company upped their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Truist Financial upped their price target on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Barclays reaffirmed an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Bank of America upped their price target on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and upped their price target for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 10,114 shares of the company'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 value of $2,304,576.04. Following the sale, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,298 shares of company stock worth $4,233,044 in the last 90 days. Insiders own 1.26% of the company's stock.

Capital One Financial 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.