Capital One Financial Corporation $COF Shares Acquired by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. increased its stake in Capital One Financial by 1,034.6% during the first quarter, now holding 116,290 shares valued at approximately $20.85 million.
• Capital One Financial reported a $5.48 earnings per share for the quarter, significantly exceeding the analyst consensus estimate of $1.93.
• The company plans to pay a quarterly dividend of $0.60 per share on September 2nd, marking an annualized dividend yield of 1.1%, despite a payout ratio of 123.08%.

1832 Asset Management L.P. lifted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 1,034.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,290 shares of the financial services provider's stock after acquiring an additional 106,041 shares during the quarter. 1832 Asset Management L.P.'s holdings in Capital One Financial were worth $20,851,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Capital One Financial by 18.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after acquiring an additional 9,374 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Capital One Financial by 105.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after acquiring an additional 394 shares during the period. Private Advisor Group LLC increased its stake in shares of Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after acquiring an additional 1,312 shares during the period. Mutual Advisors LLC acquired a new position in shares of Capital One Financial during the first quarter valued at approximately $215,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Capital One Financial during the fourth quarter valued at approximately $91,780,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Trading Up 4.3%

NYSE COF opened at $221.2170 on Friday. Capital One Financial Corporation has a twelve month low of $131.55 and a twelve month high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $141.47 billion, a price-to-earnings ratio of 113.45, a PEG ratio of 0.86 and a beta of 1.16. The firm's 50 day moving average price is $212.93 and its two-hundred day moving average price is $194.10.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the previous year, the firm posted $3.14 earnings per share. The company's revenue for the quarter was up 31.4% on a year-over-year basis. Equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, August 15th. Capital One Financial's payout ratio is presently 123.08%.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were 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 represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,298 shares of company stock worth $4,233,044. Corporate insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Royal Bank Of Canada lifted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus price target of $238.81.

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.

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