Capital One Financial Corporation $COF Shares Bought by Courier Capital LLC

Key Points

• Courier Capital increased its Capital One Financial stake by 64.3% in the third quarter, bringing its holdings to 17,246 shares valued at approximately $3.33 million. Institutional investors collectively own 89.84% of the company.
• Analysts maintain a generally positive outlook, with 20 Buy ratings and five Holds, producing a consensus “Moderate Buy” rating and an average price target of $255.04.
• Capital One reported quarterly EPS of $5.81, exceeding estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion. The company also pays a quarterly dividend of $0.80 per share, representing a 1.6% yield.

Courier Capital LLC boosted its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 64.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,246 shares of the financial services provider's stock after acquiring an additional 6,747 shares during the period. Courier Capital LLC's holdings in Capital One Financial were worth $3,330,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Capital One Financial by 107.9% in the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock worth $11,491,259,000 after purchasing an additional 29,724,829 shares in the last quarter. BlackRock Inc. raised its position in shares of Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock valued at $10,242,628,000 after purchasing an additional 236,643 shares during the period. Bank of America Corp DE purchased a new position in shares of Capital One Financial during the 2nd quarter valued at $1,435,311,000. Wellington Management Group LLP lifted its stake in shares of Capital One Financial by 36.2% during the 2nd quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider's stock valued at $1,426,029,000 after buying an additional 1,887,497 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Capital One Financial by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider's stock valued at $1,127,733,000 after buying an additional 187,532 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group increased their price target on Capital One Financial from $275.00 to $280.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Wolfe Research raised their price target on Capital One Financial from $255.00 to $275.00 and gave the company an "outperform" rating in a report on Tuesday, August 25th. Weiss Ratings cut Capital One Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, October 6th. Piper Sandler boosted their price objective on Capital One Financial from $254.00 to $260.00 and gave the company an "overweight" rating in a research report on Monday, September 28th. Finally, Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $255.04.

Capital One Financial Price Performance

Capital One Financial stock traded down $3.18 during midday trading on Tuesday, reaching $197.96. 4,639,405 shares of the stock traded hands, compared to its average volume of 4,641,082. The stock's fifty day moving average is $209.83 and its 200-day moving average is $199.88. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The stock has a market cap of $121.44 billion, a P/E ratio of 12.25, a PEG ratio of 0.73 and a beta of 1.04. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The company's revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.48 EPS. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 20.33 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, August 17th. Capital One Financial's dividend payout ratio is currently 19.80%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the sale, the insider directly owned 27,992 shares of the company's stock, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lia Dean sold 2,193 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the sale, the insider owned 63,261 shares in the company, valued at approximately $14,266,620.72. This trade represents a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 33,850 shares of company stock worth $7,167,152 in the last quarter. Company insiders own 0.78% of the company's stock.

Capital One Financial Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.

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