Bank OZK acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,945 shares of the financial services provider's stock, valued at approximately $992,000.
Several other institutional investors also recently bought and sold shares of COF. BlackRock Inc. grew its stake in shares of Capital One Financial by 0.5% in the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock worth $10,242,628,000 after acquiring an additional 236,643 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Capital One Financial by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider's stock valued at $3,023,795,000 after buying an additional 638,158 shares in the last quarter. Morgan Stanley grew its holdings in shares of Capital One Financial by 3.9% in the 4th quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider's stock worth $2,103,196,000 after acquiring an additional 323,350 shares during the period. Norges Bank acquired a new position in shares of Capital One Financial during the 4th quarter worth approximately $2,089,803,000. Finally, Davis Selected Advisers grew its stake in Capital One Financial by 2.8% in the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider's stock worth $2,087,878,000 after acquiring an additional 234,649 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have commented on COF shares. Wolfe Research raised their price objective on Capital One Financial from $255.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday. Barclays reduced their price objective on shares of Capital One Financial from $242.00 to $240.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a report on Thursday, August 20th. Citigroup decreased their price objective on shares of Capital One Financial from $310.00 to $295.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. Finally, Piper Sandler initiated coverage on Capital One Financial in a research note on Monday, June 29th. They issued an "overweight" rating and a $254.00 target price for the company. Twenty-one equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $258.91.
Read Our Latest Research Report on COF
Insider Buying and Selling at Capital One Financial
In other news, insider Ravi Raghu sold 9,726 shares of the firm's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares of the company's stock, valued at $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the sale, the insider directly owned 59,708 shares in the company, valued at $13,465,348.16. This represents a 3.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 26,267 shares of company stock valued at $5,617,648. Insiders own 0.78% of the company's stock.
Capital One Financial Stock Performance
Shares of COF stock opened at $216.91 on Friday. The company has a 50-day simple moving average of $210.04 and a 200 day simple moving average of $197.87. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $133.07 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.80 and a beta of 1.02.
Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analysts' expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business's revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.48 earnings per share. On average, sell-side analysts predict that Capital One Financial Corporation will post 20.29 earnings per share for the current year.
Capital One Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial's dividend payout ratio (DPR) is currently 19.80%.
Capital One Financial Company Profile
(
Free Report)
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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