Allspring Global Investments Holdings LLC Has $37.34 Million Holdings in Capital One Financial Corporation (NYSE:COF)

Allspring Global Investments Holdings LLC lifted its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 160.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,533 shares of the financial services provider's stock after acquiring an additional 129,122 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.05% of Capital One Financial worth $37,343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Highland Capital Management LLC acquired a new position in shares of Capital One Financial in the 1st quarter worth approximately $3,742,000. 3Chopt Investment Partners LLC bought a new position in Capital One Financial in the 1st quarter worth approximately $1,617,000. Mirae Asset Global Investments Co. Ltd. raised its position in Capital One Financial by 18.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after purchasing an additional 9,374 shares during the last quarter. Lafayette Investments Inc. bought a new position in Capital One Financial in the 1st quarter worth approximately $311,000. Finally, Waverton Investment Management Ltd bought a new position in Capital One Financial in the 1st quarter worth approximately $6,377,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on COF. Baird R W upgraded shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $183.00 to $210.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. Truist Financial boosted their price objective on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada set a $190.00 target price on shares of Capital One Financial and gave the company a "sector perform" rating in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $215.86.

Capital One Financial Trading Up 1.1%

Shares of COF traded up $2.25 during trading hours on Tuesday, reaching $215.01. The stock had a trading volume of 4,921,471 shares, compared to its average volume of 3,599,549. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. Capital One Financial Corporation has a 52 week low of $128.23 and a 52 week high of $216.78. The firm has a 50-day moving average of $193.15 and a 200 day moving average of $186.62. The company has a market cap of $82.38 billion, a P/E ratio of 18.05, a P/E/G ratio of 0.93 and a beta of 1.13.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The business had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. On average, sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Friday, May 23rd. Capital One Financial's dividend payout ratio is currently 20.15%.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the sale, the insider owned 20,089 shares in the company, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Capital One Financial 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.