Sovran Advisors LLC Buys 1,468 Shares of Capital One Financial Corporation (NYSE:COF)

Sovran Advisors LLC increased its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 6.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,521 shares of the financial services provider's stock after purchasing an additional 1,468 shares during the quarter. Sovran Advisors LLC's holdings in Capital One Financial were worth $4,217,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in COF. Kohmann Bosshard Financial Services LLC bought a new position in Capital One Financial during the fourth quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new stake in Capital One Financial during the 4th quarter valued at $32,000. Beacon Capital Management LLC boosted its position 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 purchasing an additional 97 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Capital One Financial in the fourth quarter valued at $41,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of Capital One Financial in the first quarter valued at about $54,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

Capital One Financial stock traded up $2.25 during midday trading on Tuesday, reaching $215.01. The company's stock had a trading volume of 4,921,471 shares, compared to its average volume of 3,601,626. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. The stock has a market cap of $82.38 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 0.89 and a beta of 1.15. Capital One Financial Corporation has a 52 week low of $128.23 and a 52 week high of $216.78. The business has a 50-day moving average price of $194.04 and a 200-day moving average price of $186.82.

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 earnings per share (EPS) for the quarter, topping 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 predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

Insiders Place Their Bets

In other news, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the transaction, the director owned 56,244 shares of the company's stock, valued at $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the sale, the insider owned 20,089 shares in the company, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on COF. Bank of America upped their price target 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. JPMorgan Chase & Co. upped their target price on Capital One Financial from $183.00 to $210.00 and gave the company a "neutral" rating in a research report on Thursday, June 26th. Wells Fargo & Company increased their target price on Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Baird R W upgraded Capital One Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Truist Financial increased their target price 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. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average price target of $215.86.

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.