Capital One Financial Corporation $COF Stock Holdings Increased by Parallel Advisors LLC

Key Points

• Parallel Advisors LLC increased its stake in Capital One Financial by 114.4%, ending with 15,124 shares worth approximately $3.22 million at the close of the second quarter.
• Several analysts have raised their price targets for Capital One Financial, with Truist Financial elevating its target from $260.00 to $270.00 and Citigroup increasing theirs from $250.00 to $275.00, reflecting a positive outlook on the stock.
• Capital One recently reported quarterly earnings of $5.48 EPS, significantly exceeding the consensus estimate of $1.93, while revenue rose 31.4% year-over-year, amounting to $12.49 billion.

Parallel Advisors LLC boosted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 114.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,124 shares of the financial services provider's stock after purchasing an additional 8,070 shares during the period. Parallel Advisors LLC's holdings in Capital One Financial were worth $3,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. WPG Advisers LLC purchased a new position in shares of Capital One Financial during the 1st quarter valued at $25,000. Saudi Central Bank acquired a new stake in Capital One Financial during the first quarter valued at $27,000. Beacon Capital Management LLC grew its stake in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares in the last quarter. Nova Wealth Management Inc. increased its position in Capital One Financial by 629.6% in the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock worth $42,000 after purchasing an additional 170 shares during the last quarter. Finally, Bogart Wealth LLC raised its stake in shares of Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after purchasing an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Truist Financial boosted their price target on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday. Bank of America lifted their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their price target for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Royal Bank Of Canada lifted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Finally, Citigroup upped their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and an average price target of $239.44.

Capital One Financial Price Performance

Shares of COF stock opened at $226.39 on Tuesday. The firm has a market cap of $144.78 billion, a price-to-earnings ratio of 116.10, a PEG ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a 12 month low of $138.90 and a 12 month high of $232.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $218.06 and a 200 day moving average price of $196.67.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates 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 prior year, the firm earned $3.14 EPS. Research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the transaction, the general counsel owned 100,486 shares in the company, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company's stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is currently owned by insiders.

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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