Capital One Financial Corporation (NYSE:COF) Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Capital One Financial by 13.3%, acquiring an additional 548,052 shares, bringing its total ownership to 4,665,496 shares valued at approximately $836 million.
• Capital One Financial reported quarterly earnings that significantly surpassed analysts' expectations, with $5.48 earnings per share against estimates of $1.93.
• The company declared a quarterly dividend of $0.60 per share, with a payout ratio of 123.08%, indicating a strong commitment to returning value to shareholders.

Invesco Ltd. lifted its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 13.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,665,496 shares of the financial services provider's stock after acquiring an additional 548,052 shares during the quarter. Invesco Ltd. owned 1.22% of Capital One Financial worth $836,523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in COF. Beacon Capital Management LLC boosted its holdings in Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after buying an additional 97 shares in the last quarter. Bogart Wealth LLC boosted its holdings in Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after buying an additional 243 shares in the last quarter. Motco boosted its holdings in Capital One Financial by 115.1% during the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after buying an additional 137 shares in the last quarter. Rossby Financial LCC purchased a new stake in Capital One Financial during the first quarter worth about $48,000. Finally, Bernard Wealth Management Corp. purchased a new stake in Capital One Financial during the first quarter worth about $54,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

COF opened at $208.32 on Friday. 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 company's 50-day moving average price is $208.99 and its 200 day moving average price is $193.22. Capital One Financial Corporation has a fifty-two week low of $131.55 and a fifty-two week high of $232.45. The firm has a market cap of $133.22 billion, a price-to-earnings ratio of 106.83, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 earnings per share. As a group, sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 15th. Capital One Financial's payout ratio is 123.08%.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann F. Hackett sold 1,658 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the sale, the director owned 56,244 shares in the company, valued at $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,847 shares of company stock worth $5,696,173. 1.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on COF shares. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price target for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price objective 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. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Bank of America boosted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $238.81.

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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