Panagora Asset Management Inc. Grows Stock Position in Capital One Financial Corporation $COF

Key Points

• Panagora Asset Management Inc. significantly increased its stake in Capital One Financial by 13,427.0% in Q1, holding nearly 383,000 shares valued at about $68.66 million.
• Multiple institutional investors, including Brighton Jones LLC and Quarry LP, also raised their holdings in Capital One Financial during the fourth quarter.
• Capital One Financial recently announced a quarterly dividend of $0.60 per share, with an ex-dividend date on August 15, representing a 1.1% yield.

Panagora Asset Management Inc. lifted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 13,427.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 382,948 shares of the financial services provider's stock after buying an additional 380,117 shares during the quarter. Panagora Asset Management Inc. owned about 0.10% of Capital One Financial worth $68,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. TFB Advisors LLC grew its holdings in shares of Capital One Financial by 3.4% during the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock worth $276,000 after acquiring an additional 51 shares during the period. Opal Wealth Advisors LLC lifted its stake in shares of Capital One Financial by 3.1% in the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock valued at $386,000 after purchasing an additional 64 shares during the period. Y.D. More Investments Ltd boosted its position in shares of Capital One Financial by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock valued at $97,000 after purchasing an additional 66 shares in the last quarter. Aspiriant LLC grew its stake in Capital One Financial by 2.4% in the first quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock worth $522,000 after purchasing an additional 67 shares during the period. Finally, Citizens National Bank Trust Department raised its holdings in Capital One Financial by 25.7% in the first quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock worth $59,000 after purchasing an additional 67 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Bank of America boosted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective on the stock. Finally, Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and an average target price of $238.81.

Insiders Place Their Bets

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the sale, the chief accounting officer owned 8,987 shares of the company's stock, valued at $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,298 shares of company stock valued at $4,233,044. 1.26% of the stock is owned by insiders.

Capital One Financial Stock Down 1.7%

Shares of COF traded down $3.89 on Tuesday, hitting $223.33. 3,470,726 shares of the stock traded hands, compared to its average volume of 4,369,217. Capital One Financial Corporation has a one year low of $131.55 and a one year high of $232.45. The company has a market capitalization of $142.83 billion, a PE ratio of 114.53, a P/E/G ratio of 0.89 and a beta of 1.17. The business has a 50 day simple moving average of $216.27 and a 200 day simple moving average of $195.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the prior year, the business posted $3.14 earnings per share. The business's revenue for the quarter was up 31.4% on a year-over-year basis. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is presently 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.