Banco Santander S.A. Takes Position in Capital One Financial Corporation (NYSE:COF)

Key Points

• Banco Santander S.A. has initiated a position in Capital One Financial, acquiring 65,420 shares valued at approximately $11.73 million during the first quarter.
• Insider trading activity included Michael Zamsky selling 9,560 shares for around $1.91 million, representing a 32.24% reduction in his ownership.
• Capital One recently announced a quarterly dividend of $0.60 per share, with an annualized yield of 1.2%, though its payout ratio stands at 123.08%.

Banco Santander S.A. bought a new position in Capital One Financial Corporation (NYSE:COF) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 65,420 shares of the financial services provider's stock, valued at approximately $11,730,000.

A number of other hedge funds have also modified their holdings of COF. Lone Pine Capital LLC acquired a new position in shares of Capital One Financial in the 4th quarter worth $577,012,000. Diamond Hill Capital Management Inc. acquired a new position in shares of Capital One Financial in the 1st quarter worth $381,848,000. FMR LLC grew its holdings in shares of Capital One Financial by 21.6% in the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after acquiring an additional 1,436,935 shares during the last quarter. Meritage Group LP acquired a new position in shares of Capital One Financial in the 4th quarter worth $227,662,000. Finally, Invesco Ltd. grew its holdings in shares of Capital One Financial by 38.7% in the 4th quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider's stock worth $734,223,000 after acquiring an additional 1,148,443 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the transaction, the insider directly owned 20,089 shares in the company, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director owned 56,244 shares in the company, valued at $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,332 shares of company stock worth $4,540,285. Company insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $207.47 on Friday. Capital One Financial Corporation has a fifty-two week low of $128.23 and a fifty-two week high of $232.45. The business has a 50-day moving average of $206.91 and a two-hundred day moving average of $192.61. The stock has a market capitalization of $79.49 billion, a P/E ratio of 106.40, a P/E/G ratio of 0.85 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

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

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.2%. Capital One Financial's payout ratio is presently 123.08%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Royal Bank Of Canada raised their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Bank of America raised their target price on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Truist Financial raised their target price on Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. raised their target price on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

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.

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