Beacon Pointe Advisors LLC Invests $13.45 Million in Capital One Financial Corporation $COF

Beacon Pointe Advisors LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 67,023 shares of the financial services provider's stock, valued at approximately $13,446,000.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its position 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 valued at $10,242,628,000 after purchasing an additional 236,643 shares during the period. Franklin Resources Inc. raised its stake in shares of Capital One Financial by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider's stock valued at $3,023,795,000 after acquiring an additional 638,158 shares during the period. Morgan Stanley boosted its position in shares of Capital One Financial by 3.9% in the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider's stock worth $2,103,196,000 after buying an additional 323,350 shares during the period. Norges Bank purchased a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $2,089,803,000. Finally, Davis Selected Advisers grew its stake in shares of Capital One Financial by 2.8% during the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider's stock valued at $2,087,878,000 after acquiring an additional 234,649 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Buying and Selling

In related news, insider Ravi Raghu sold 9,726 shares of the company's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the sale, the insider owned 26,328 shares in the company, valued at $5,523,087.84. This represents a 26.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of Capital One Financial 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 $494,565.36. Following the completion of the transaction, the insider directly owned 63,261 shares in the company, valued at approximately $14,266,620.72. The trade was a 3.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,267 shares of company stock worth $5,617,648 over the last ninety days. Insiders own 0.78% of the company's stock.

Capital One Financial Trading Down 0.4%

Shares of COF stock opened at $215.81 on Friday. The firm has a 50-day moving average price of $210.32 and a 200 day moving average price of $198.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $132.40 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.80 and a beta of 1.02. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly 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. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion during the quarter, compared to analysts' expectations of $15.76 billion. During the same period in the previous year, the business posted $5.48 earnings per share. The firm's revenue for the quarter was up 26.9% compared to the same quarter last year. Research analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial's dividend payout ratio is presently 19.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on COF shares. HSBC upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Citigroup cut their price objective on Capital One Financial from $310.00 to $295.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. BTIG Research lifted their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Wolfe Research boosted their target price on Capital One Financial from $255.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Bank of America lowered their price target on Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus target price of $258.91.

About Capital One Financial

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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