Bank of Hawaii purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,855 shares of the financial services provider's stock, valued at approximately $512,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Comerica Bank boosted its holdings in Capital One Financial by 9.0% in the first quarter. Comerica Bank now owns 104,324 shares of the financial services provider's stock worth $18,705,000 after purchasing an additional 8,640 shares during the last quarter. ICONIQ Capital LLC boosted its holdings in Capital One Financial by 24.1% in the first quarter. ICONIQ Capital LLC now owns 2,099 shares of the financial services provider's stock worth $376,000 after purchasing an additional 407 shares during the last quarter. Oliver Luxxe Assets LLC boosted its holdings in Capital One Financial by 3.8% in the first quarter. Oliver Luxxe Assets LLC now owns 43,203 shares of the financial services provider's stock worth $7,746,000 after purchasing an additional 1,585 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Capital One Financial by 21.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,069,354 shares of the financial services provider's stock worth $191,735,000 after purchasing an additional 186,006 shares during the last quarter. Finally, APG Asset Management N.V. boosted its holdings in Capital One Financial by 0.8% in the first quarter. APG Asset Management N.V. now owns 242,990 shares of the financial services provider's stock worth $40,333,000 after purchasing an additional 1,953 shares during the last quarter. Institutional investors own 89.84% of the company's stock.
Capital One Financial Stock Performance
NYSE COF traded up $0.29 during mid-day trading on Friday, reaching $227.43. 2,551,623 shares of the stock were exchanged, compared to its average volume of 4,374,662. The business's 50 day moving average is $215.19 and its 200-day moving average is $194.76. Capital One Financial Corporation has a 1 year low of $131.55 and a 1 year high of $232.45. The company has a market capitalization of $145.44 billion, a P/E ratio of 116.63, a P/E/G ratio of 0.88 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The business's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.14 earnings per share. On average, equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.
Capital One Financial Announces Dividend
The firm also recently declared 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. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.
Wall Street Analysts Forecast Growth
COF has been the topic of several research reports. Citigroup raised their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Royal Bank Of Canada lifted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Rothschild & Co Redburn began coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.81.
Read Our Latest Stock Analysis on Capital One Financial
Insider Transactions at Capital One Financial
In other news, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,298 shares of company stock valued at $4,233,044. Corporate insiders own 1.26% of the company's stock.
About Capital One Financial
(
Free Report)
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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