ANTIPODES PARTNERS Ltd lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 29.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 967,575 shares of the financial services provider's stock after buying an additional 220,911 shares during the quarter. Capital One Financial makes up approximately 3.6% of ANTIPODES PARTNERS Ltd's portfolio, making the stock its 3rd biggest position. ANTIPODES PARTNERS Ltd owned 0.16% of Capital One Financial worth $194,115,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in COF. Meridian Wealth Management LLC raised its holdings in Capital One Financial by 25.7% in the second quarter. Meridian Wealth Management LLC now owns 2,612 shares of the financial services provider's stock valued at $524,000 after acquiring an additional 534 shares in the last quarter. Cornerstone Select Advisors LLC lifted its stake in Capital One Financial by 28.7% in the second quarter. Cornerstone Select Advisors LLC now owns 3,531 shares of the financial services provider's stock worth $708,000 after acquiring an additional 787 shares during the last quarter. CoreFirst Bank & Trust grew its holdings in Capital One Financial by 27.2% during the 2nd quarter. CoreFirst Bank & Trust now owns 2,201 shares of the financial services provider's stock worth $442,000 after acquiring an additional 470 shares in the last quarter. Mosaic Family Wealth Partners LLC acquired a new position in Capital One Financial during the 2nd quarter worth approximately $357,000. Finally, Capital Analysts LLC increased its position in shares of Capital One Financial by 23.9% in the 2nd quarter. Capital Analysts LLC now owns 2,435 shares of the financial services provider's stock valued at $488,000 after purchasing an additional 470 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Piper Sandler initiated coverage on Capital One Financial in a report on Monday, June 29th. They issued an "overweight" rating and a $254.00 price objective on the stock. TD Cowen cut their target price on Capital One Financial from $260.00 to $253.00 and set a "buy" rating on the stock in a research report on Tuesday, July 7th. Weiss Ratings upgraded Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday. Finally, Rothschild & Co Redburn reduced their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, April 29th. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus price target of $259.36.
Read Our Latest Stock Analysis on Capital One Financial
Capital One Financial Stock Down 0.1%
Capital One Financial stock opened at $227.19 on Monday. The stock has a 50 day moving average of $204.93 and a two-hundred day moving average of $198.05. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The stock has a market capitalization of $139.37 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.84 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.
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. 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 for the quarter, compared to analyst estimates of $15.76 billion. During the same quarter in the previous year, the company posted $5.48 earnings per share. The company's revenue for the quarter was up 26.9% compared to the same quarter last year. As a group, research analysts expect that Capital One Financial Corporation will post 20.19 earnings per share for the current year.
Capital One Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. Capital One Financial's dividend payout ratio is presently 19.80%.
Insiders Place Their Bets
In related news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider directly owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company's stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the transaction, the general counsel directly owned 90,194 shares in the company, valued at $18,760,352. This represents a 3.74% 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. Over the last 90 days, insiders have sold 22,186 shares of company stock worth $4,697,301. Company insiders own 0.78% of the company's stock.
About Capital One Financial
(
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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