Capital One Financial Corporation $COF Shares Bought by Camelot Portfolios LLC

Key Points

• Camelot Portfolios LLC significantly increased its position in Capital One Financial by 829% during the 2nd quarter, now owning 11,148 shares valued at approximately $2.37 million.
• Insider trades were notable, with General Counsel Matthew W. Cooper selling 2,000 shares for $446,800, reducing his ownership by 1.95%.
• Analysts have raised their price targets for Capital One Financial, with Truist Financial setting a new target of $270 and the stock currently holding a consensus rating of "Moderate Buy."

Camelot Portfolios LLC raised its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 829.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,148 shares of the financial services provider's stock after acquiring an additional 9,948 shares during the quarter. Capital One Financial makes up approximately 1.4% of Camelot Portfolios LLC's portfolio, making the stock its 10th biggest position. Camelot Portfolios LLC's holdings in Capital One Financial were worth $2,372,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of Capital One Financial during the first quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC boosted its holdings in Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Saudi Central Bank acquired a new position in Capital One Financial in the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC acquired a new position in Capital One Financial in the second quarter valued at approximately $28,000. Finally, Beacon Capital Management LLC boosted its holdings in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the transaction, the general counsel directly owned 100,486 shares of the company's stock, valued at $22,448,572.40. This represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,298 shares of company stock valued at $4,679,844. Insiders own 1.26% of the company's stock.

Capital One Financial Stock Up 0.7%

COF opened at $223.97 on Friday. 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 $143.23 billion, a price-to-earnings ratio of 114.86, a price-to-earnings-growth ratio of 0.86 and a beta of 1.17. The business has a 50-day moving average of $219.28 and a two-hundred day moving average of $199.54. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter last year, the firm earned $3.14 EPS. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. On average, research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial's payout ratio is 123.08%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial boosted their price objective on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Keefe, Bruyette & Woods boosted their price objective on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Barclays restated an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Finally, Rothschild & Co Redburn began coverage on Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

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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