Capital One Financial Corporation $COF Stock Acquired by Riversedge Advisors LLC

Key Points

• Riversedge Advisors increased its Capital One Financial position by 245.6% in the third quarter, reaching 12,308 shares valued at approximately $2.38 million. Institutional investors collectively own 89.84% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $256.09, despite one recent downgrade to “Hold.”
• Capital One’s latest quarterly results exceeded expectations, with EPS of $5.81 and revenue of $15.83 billion, while the company maintains a quarterly dividend of $0.80 per share.

Riversedge Advisors LLC increased its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 245.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,308 shares of the financial services provider's stock after purchasing an additional 8,747 shares during the quarter. Riversedge Advisors LLC's holdings in Capital One Financial were worth $2,376,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. State Street Corp increased its position in Capital One Financial by 107.9% during 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 buying an additional 29,724,829 shares in the last quarter. Bank of America Corp DE purchased a new stake in Capital One Financial in the 2nd quarter worth approximately $1,435,311,000. Legal & General Group Plc acquired a new stake in shares of Capital One Financial during the second quarter worth $680,983,000. Berkshire Hathaway Inc acquired a new stake in Capital One Financial in the 2nd quarter worth about $601,860,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Capital One Financial in the second quarter worth approximately $482,718,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 2,066 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total transaction of $425,740.62. Following the sale, the insider directly owned 61,195 shares of the company's stock, valued at approximately $12,610,453.65. This represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the transaction, the insider owned 27,992 shares in the company, valued at $6,102,815.84. This represents a 16.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 33,850 shares of company stock worth $7,167,152. Insiders own 0.78% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Capital One Financial from $254.00 to $260.00 and gave the stock an "overweight" rating in a research report on Monday, September 28th. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $215.00 to $245.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. UBS Group increased their target price on Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. HSBC upgraded Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Finally, Weiss Ratings downgraded shares of Capital One Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus price target of $256.09.

Capital One Financial Trading Up 0.1%

COF traded up $0.20 during mid-day trading on Friday, hitting $199.60. 1,143,040 shares of the stock were exchanged, compared to its average volume of 4,644,855. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The company has a market cap of $122.45 billion, a PE ratio of 12.35, a PEG ratio of 0.72 and a beta of 1.04. The firm's fifty day moving average is $210.37 and its two-hundred day moving average is $199.66. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results 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. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same period in the previous year, the business earned $5.48 EPS. Capital One Financial's revenue for the quarter was up 26.9% on a year-over-year basis. Equities analysts forecast that Capital One Financial Corporation will post 20.33 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

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

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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