Capital One Financial Corporation $COF Shares Acquired by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp increased its stake in Capital One by 9.0% in the fourth quarter, adding 15,193 shares to own 183,335 shares worth about $44.43 million.
• Capital One missed quarterly estimates, reporting EPS of $4.42 versus $5.08 expected and revenue of $15.23 billion (vs. $15.68B expected), though revenue was up 52.3% year-over-year.
• The company paid a quarterly dividend of $0.80 ($3.20 annualized) for a 1.7% yield, while the dividend payout ratio is a high 112.28%, suggesting payout exceeds last year’s earnings level.

Fifth Third Bancorp increased its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,335 shares of the financial services provider's stock after acquiring an additional 15,193 shares during the period. Fifth Third Bancorp's holdings in Capital One Financial were worth $44,433,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of COF. Strive Asset Management LLC acquired a new stake in shares of Capital One Financial in the third quarter valued at $28,000. Olistico Wealth LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at $30,000. WFA of San Diego LLC purchased a new position in Capital One Financial in the second quarter valued at $32,000. Rakuten Securities Inc. increased its holdings in Capital One Financial by 550.0% in the fourth quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider's stock valued at $32,000 after buying an additional 110 shares during the last quarter. Finally, Crowley Wealth Management Inc. purchased a new position in Capital One Financial in the third quarter valued at $33,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of COF stock opened at $191.87 on Friday. The stock's 50-day moving average is $190.44 and its two-hundred day moving average is $213.40. The firm has a market cap of $119.33 billion, a price-to-earnings ratio of 67.32, a PEG ratio of 0.70 and a beta of 1.05. Capital One Financial Corporation has a 1 year low of $174.98 and a 1 year high of $259.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). The firm had revenue of $15.23 billion for the quarter, compared to analysts' expectations of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business's revenue for the quarter was up 52.3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.06 EPS. Analysts predict that Capital One Financial Corporation will post 19.17 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial's dividend payout ratio (DPR) is presently 112.28%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 38,135 shares of the firm's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the transaction, the insider owned 33,551 shares of the company's stock, valued at approximately $6,391,801.01. This trade represents a 53.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lia Dean sold 3,284 shares of the firm's stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total value of $734,565.12. Following the transaction, the insider directly owned 70,162 shares in the company, valued at approximately $15,693,836.16. The trade was a 4.47% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 50,047 shares of company stock worth $9,742,217. 0.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

COF has been the topic of several recent analyst reports. Truist Financial dropped their target price on Capital One Financial from $275.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, April 23rd. Royal Bank Of Canada dropped their target price on Capital One Financial from $275.00 to $235.00 and set a "sector perform" rating on the stock in a report on Friday, April 10th. Barclays increased their target price on Capital One Financial from $226.00 to $250.00 and gave the company an "overweight" rating in a report on Wednesday, April 22nd. UBS Group dropped their target price on Capital One Financial from $286.00 to $283.00 and set a "buy" rating on the stock in a report on Tuesday, April 7th. Finally, BTIG Research reissued a "buy" rating and issued a $224.00 target price on shares of Capital One Financial in a report on Wednesday, April 22nd. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.14.

Capital One Financial Company Profile

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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