Banque Cantonale Vaudoise Makes New Investment in Capital One Financial Corporation (NYSE:COF)

Key Points

• Banque Cantonale Vaudoise acquired a new position in Capital One Financial Corporation, purchasing 7,534 shares valued at approximately $1,351,000.
• Insider Michael Zamsky sold 9,560 shares, reducing his ownership by 32.24%, while another insider, Robert M. Alexander, sold 10,114 shares, decreasing his position by 12.83%.
• Analysts have raised their price targets for Capital One shares, with Bank of America and Truist Financial both issuing "buy" ratings and increasing target prices to as high as $260.00.

Banque Cantonale Vaudoise purchased a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 7,534 shares of the financial services provider's stock, valued at approximately $1,351,000.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after buying an additional 207,427 shares during the last quarter. FMR LLC increased its stake in shares of Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after purchasing an additional 1,436,935 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after purchasing an additional 950,415 shares during the period. Northern Trust Corp increased its stake in shares of Capital One Financial by 21.8% during the fourth quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock valued at $790,564,000 after acquiring an additional 793,765 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Capital One Financial by 38.7% during the fourth quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider's stock valued at $734,223,000 after acquiring an additional 1,148,443 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

COF traded down $7.53 on Friday, reaching $207.47. The company had a trading volume of 4,793,743 shares, compared to its average volume of 3,819,390. The business has a 50 day simple moving average of $206.91 and a 200 day simple moving average of $192.61. The company has a market cap of $79.49 billion, a price-to-earnings ratio of 106.40, a P/E/G ratio of 0.82 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 Corporation has a 52-week low of $128.23 and a 52-week high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter last year, the firm earned $3.14 EPS. The business's revenue was up 31.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current 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 given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. Capital One Financial's dividend payout ratio is presently 123.08%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on COF. Bank of America lifted their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Royal Bank Of Canada lifted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research report on Friday. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price objective for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Citigroup upped their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus price target of $238.81.

Insider Activity

In other news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director owned 56,244 shares in the company, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,332 shares of company stock valued at $4,540,285 in the last quarter. 1.26% of the stock is currently owned by insiders.

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.