Capital One Financial Corporation $COF Shares Purchased by DAVENPORT & Co LLC

Key Points

• DAVENPORT & Co LLC increased its stake in Capital One Financial by 4.6%, owning a total of 71,633 shares worth approximately $15.24 million.
• Recent insider transactions included the sale of 2,000 shares by General Counsel Matthew W. Cooper, decreasing his ownership by 1.99%.
• Analysts have set new price targets for Capital One Financial, with Wells Fargo raising it to $265, reflecting ongoing positive sentiment towards the stock.

DAVENPORT & Co LLC lifted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,633 shares of the financial services provider's stock after acquiring an additional 3,147 shares during the quarter. DAVENPORT & Co LLC's holdings in Capital One Financial were worth $15,240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC increased its holdings in shares of 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 buying an additional 62 shares in the last quarter. Olistico Wealth LLC grew its holdings in shares of Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Signature Resources Capital Management LLC purchased a new position in Capital One Financial in the 2nd quarter worth about $28,000. WPG Advisers LLC acquired a new position in shares of Capital One Financial in the first quarter worth about $25,000. Finally, Saudi Central Bank acquired a new stake in shares of Capital One Financial during the first quarter valued at approximately $27,000. 89.84% of the stock is currently owned by institutional investors.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at $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. In the last quarter, insiders have sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on COF shares. Wells Fargo & Company raised their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Morgan Stanley increased their price target on shares of Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. Citigroup lifted their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Barclays increased their target price on shares of Capital One Financial from $253.00 to $257.00 and gave the stock an "overweight" rating in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $249.44.

Capital One Financial Trading Down 0.3%

Shares of NYSE:COF opened at $213.78 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The stock's 50-day moving average is $219.29 and its 200-day moving average is $201.62. The company has a market cap of $136.72 billion, a P/E ratio of 109.63, a P/E/G ratio of 0.79 and a beta of 1.18. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The business's quarterly revenue was up 31.4% compared to the same quarter last year. During the same period last year, the business earned $3.14 EPS. Equities research analysts predict 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. Shareholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.