Capital One Financial Corporation $COF Stock Acquired by Brighton Jones LLC

Key Points

• Brighton Jones increased its Capital One stake by 27.4% in the third quarter, adding 9,434 shares to hold 43,872 shares valued at about $8.47 million. Other institutions also added shares; institutional investors collectively own 89.84% of the company.
• Capital One beat quarterly earnings expectations, reporting $6.69 per share versus analysts’ $5.53 estimate, while revenue rose 6.4% year over year to $16.31 billion.
• Analysts’ consensus rating is “Moderate Buy,” with a $256.50 average price target. The company declared a quarterly dividend of $0.80 per share, equivalent to a 1.6% yield.

Brighton Jones LLC increased its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 27.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,872 shares of the financial services provider's stock after purchasing an additional 9,434 shares during the period. Brighton Jones LLC's holdings in Capital One Financial were worth $8,470,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Candriam S.C.A. increased its stake in Capital One Financial by 149.7% in the third quarter. Candriam S.C.A. now owns 156,048 shares of the financial services provider's stock valued at $30,238,000 after purchasing an additional 93,558 shares during the last quarter. StoneX Group Inc. raised its holdings in Capital One Financial by 14.2% during the third quarter. StoneX Group Inc. now owns 3,539 shares of the financial services provider's stock worth $688,000 after purchasing an additional 441 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in Capital One Financial by 0.9% during the third quarter. Kornitzer Capital Management Inc. KS now owns 8,075 shares of the financial services provider's stock worth $1,559,000 after purchasing an additional 70 shares in the last quarter. Verus Capital Partners LLC purchased a new stake in shares of Capital One Financial during the 3rd quarter worth approximately $263,000. Finally, Parallel Advisors LLC lifted its position in shares of Capital One Financial by 2.8% during the 3rd quarter. Parallel Advisors LLC now owns 17,831 shares of the financial services provider's stock worth $3,443,000 after buying an additional 490 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Activity

In other news, CEO Richard D. Fairbank sold 90,743 shares of the business's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $204.86, for a total transaction of $18,589,610.98. Following the transaction, the chief executive officer directly owned 3,968,520 shares in the company, valued at $812,991,007.20. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total transaction of $686,770.00. Following the transaction, the general counsel directly owned 79,694 shares of the company's stock, valued at $15,637,556.68. This represents a 4.21% 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 a total of 205,937 shares of company stock worth $42,135,820 over the last quarter. Insiders own 0.78% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COF. Barclays upped their target price on shares of Capital One Financial from $237.00 to $238.00 and gave the company an "overweight" rating in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a research note on Thursday, August 20th. UBS Group cut their price target on shares of Capital One Financial from $280.00 to $274.00 and set a "buy" rating on the stock in a research note on Monday, November 2nd. BMO Capital Markets boosted their price target on shares of Capital One Financial from $219.00 to $225.00 and gave the company a "market perform" rating in a research report on Wednesday, October 21st. Finally, Evercore restated an "outperform" rating and issued a $230.00 price objective on shares of Capital One Financial in a research note on Tuesday, October 27th. Twenty analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.50.

Capital One Financial Stock Down 0.9%

Capital One Financial stock opened at $202.03 on Friday. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The stock has a 50 day moving average of $203.60 and a two-hundred day moving average of $200.92. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $121.53 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.92 and a beta of 1.10.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, beating analysts' consensus estimates of $5.53 by $1.16. The firm had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.25 billion. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. Capital One Financial's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $5.95 EPS. As a group, research analysts expect that Capital One Financial Corporation will post 21.53 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, November 16th. Capital One Financial's dividend payout ratio (DPR) is 18.89%.

Capital One Financial Company Profile

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