Capital One Financial Corporation $COF Shares Bought by OFI Invest Asset Management

Key Points

• OFI Invest Asset Management increased its stake in Capital One Financial by 8.4%, owning 241,582 shares valued at approximately $51.4 million as of the latest SEC filing.
• Several analysts have upgraded their ratings for Capital One Financial, with the stock receiving a consensus rating of "Moderate Buy" and a target price of $252.78.
• Capital One Financial recently reported a quarterly EPS of $5.48, surpassing expectations significantly, while also announcing a quarterly dividend of $0.60, reflecting a payout ratio of 123.08%.

OFI Invest Asset Management lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 8.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 241,582 shares of the financial services provider's stock after acquiring an additional 18,800 shares during the period. OFI Invest Asset Management owned 0.06% of Capital One Financial worth $51,399,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Capital One Financial by 105.6% during the second 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. Hassell Wealth Management LLC purchased a new position in Capital One Financial during the second quarter worth about $216,000. Sather Financial Group Inc purchased a new position in Capital One Financial during the second quarter worth about $867,000. Sovereign Financial Group Inc. purchased a new position in Capital One Financial during the second quarter worth about $202,000. Finally, Concurrent Investment Advisors LLC lifted its position in Capital One Financial by 11.4% during the second quarter. Concurrent Investment Advisors LLC now owns 19,819 shares of the financial services provider's stock worth $4,217,000 after buying an additional 2,030 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. TD Cowen boosted their target price on Capital One Financial from $258.00 to $261.00 and gave the stock a "buy" rating in a research report on Monday, October 6th. Keefe, Bruyette & Woods upped their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. UBS Group lowered their price objective on Capital One Financial from $270.00 to $266.00 and set a "buy" rating on the stock in a report on Tuesday, October 7th. Finally, Robert W. Baird increased their target price on Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus target price of $252.78.

Capital One Financial Stock Down 4.0%

Shares of Capital One Financial stock opened at $202.37 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 company has a market capitalization of $129.42 billion, a P/E ratio of 103.78, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The business has a 50-day moving average of $219.02 and a two-hundred day moving average of $202.27.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.14 earnings per share. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares of the company's stock, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial 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 approximately $15,655,577.02. The trade was 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 sold 23,298 shares of company stock valued at $5,103,824. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Company 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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