Capital One Financial Corporation $COF Shares Bought by Alta Advisers Ltd

Key Points

• Alta Advisers Ltd increased its stake in Capital One Financial Corporation by 71.0% during the second quarter, now holding 3,556 shares valued at $757,000.
• Insider transactions included the sale of 3,462 shares by CAO Timothy P. Golden, representing a 27.81% decrease in his ownership.
• Analysts have raised their price targets for Capital One Financial, with Truist Financial increasing their target from $260.00 to $270.00 and maintaining a "buy" rating.

Alta Advisers Ltd raised its holdings in Capital One Financial Corporation (NYSE:COF) by 71.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,556 shares of the financial services provider's stock after acquiring an additional 1,477 shares during the quarter. Alta Advisers Ltd's holdings in Capital One Financial were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SPC Financial Inc. acquired a new stake in Capital One Financial in the 2nd quarter valued at about $288,000. CWM LLC lifted its holdings in Capital One Financial by 163.4% in the 2nd quarter. CWM LLC now owns 44,914 shares of the financial services provider's stock valued at $9,556,000 after acquiring an additional 27,861 shares during the last quarter. OFI Invest Asset Management lifted its holdings in Capital One Financial by 8.4% in the 2nd quarter. OFI Invest Asset Management now owns 241,582 shares of the financial services provider's stock valued at $51,399,000 after acquiring an additional 18,800 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Capital One Financial by 105.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 94,964 shares of the financial services provider's stock valued at $20,275,000 after acquiring an additional 48,785 shares during the last quarter. Finally, Hassell Wealth Management LLC acquired a new stake in Capital One Financial in the 2nd quarter valued at about $216,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, 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. Over the last three months, insiders have sold 23,298 shares of company stock worth $5,103,824. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Trading Down 4.0%

NYSE:COF opened at $202.37 on Friday. The stock's 50 day moving average price is $219.02 and its 200 day moving average price is $202.27. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The company has a market capitalization of $129.42 billion, a P/E ratio of 103.78, a P/E/G ratio of 0.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

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, topping analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the prior year, the company posted $3.14 EPS. The company's quarterly revenue was up 31.4% on a year-over-year basis. On average, research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. Capital One Financial's dividend payout ratio is currently 123.08%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Truist Financial upped their target price on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday, September 12th. Citigroup upped their target price on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Morgan Stanley upped their target price on Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Keefe, Bruyette & Woods upped their target price on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.78.

Capital One Financial Profile

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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