Benjamin Edwards Inc. Raises Position in Capital One Financial Corporation (NYSE:COF)

Key Points

• Benjamin Edwards Inc. increased its holdings in Capital One Financial Corporation by 35.5% during the first quarter, now owning 9,201 shares valued at approximately $1.65 million.
• Recent analyst reports have upgraded Capital One's price targets significantly, with Truist Financial raising their target to $260 and several others also revising their targets upward.
• Capital One recently declared a quarterly dividend of $0.60 per share, marking a dividend yield of 1.1%, despite a relatively high payout ratio of 123.08%.

Benjamin Edwards Inc. grew its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 35.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,201 shares of the financial services provider's stock after acquiring an additional 2,412 shares during the quarter. Benjamin Edwards Inc.'s holdings in Capital One Financial were worth $1,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Lone Pine Capital LLC bought a new position in shares of Capital One Financial in the fourth quarter valued at $577,012,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Capital One Financial in the 1st quarter worth about $381,848,000. Meritage Group LP acquired a new stake in shares of Capital One Financial in the 4th quarter worth about $227,662,000. Marshall Wace LLP lifted its position in Capital One Financial by 376.1% in the 4th quarter. Marshall Wace LLP now owns 1,238,883 shares of the financial services provider's stock valued at $220,918,000 after acquiring an additional 978,670 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Capital One Financial by 23.7% during the 1st 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 last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Rothschild & Co Redburn began coverage on Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 price objective on the stock. Royal Bank Of Canada lifted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Finally, Citigroup raised their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, 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 value of $1,155,888.85. Following the completion of the transaction, the insider owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,091 shares of company stock valued at $4,188,454 in the last 90 days. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Stock Performance

Shares of NYSE COF traded down $5.60 during trading on Friday, reaching $215.48. 4,463,545 shares of the stock traded hands, compared to its average volume of 4,160,972. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $137.80 billion, a P/E ratio of 110.50, a price-to-earnings-growth ratio of 0.84 and a beta of 1.16. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45. The company has a 50-day moving average of $211.17 and a 200-day moving average of $193.65.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. Capital One Financial's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period last year, the company earned $3.14 earnings per share. 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 announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

About Capital One Financial

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.