Citizens Financial Group Inc. RI lifted its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 140.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,682 shares of the financial services provider's stock after purchasing an additional 29,578 shares during the period. Citizens Financial Group Inc. RI's holdings in Capital One Financial were worth $10,168,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in shares of Capital One Financial by 18.1% during the fourth quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider's stock valued at $85,739,000 after acquiring an additional 54,263 shares during the last quarter. Swiss Life Asset Management Ltd raised its stake in shares of Capital One Financial by 11.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider's stock worth $28,076,000 after purchasing an additional 11,651 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Capital One Financial by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider's stock worth $13,789,615,000 after buying an additional 360,071 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Capital One Financial by 2.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider's stock valued at $54,283,000 after buying an additional 6,225 shares during the period. Finally, Truist Financial Corp increased its holdings in Capital One Financial by 2.5% during the fourth quarter. Truist Financial Corp now owns 640,050 shares of the financial services provider's stock worth $155,122,000 after buying an additional 15,644 shares during the last quarter. 89.84% of the stock is owned by institutional investors.
Insider Activity
In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the company's stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the transaction, the general counsel directly owned 90,194 shares in the company, valued at $18,760,352. This represents a 3.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the firm's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. The trade was a 31.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,186 shares of company stock valued at $4,697,301 over the last 90 days. Company insiders own 0.78% of the company's stock.
Wall Street Analyst Weigh In
COF has been the topic of a number of research analyst reports. HSBC upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Deutsche Bank Aktiengesellschaft decreased their target price on Capital One Financial from $256.00 to $250.00 and set a "hold" rating for the company in a research report on Wednesday, April 22nd. Piper Sandler initiated coverage on Capital One Financial in a research note on Monday, June 29th. They issued an "overweight" rating and a $254.00 target price on the stock. UBS Group increased their price target on Capital One Financial from $275.00 to $280.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $259.36.
Get Our Latest Stock Analysis on Capital One Financial
Capital One Financial Stock Down 2.5%
COF stock opened at $221.77 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $136.05 billion, a PE ratio of 13.72, a PEG ratio of 0.84 and a beta of 1.02. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The stock has a 50-day simple moving average of $205.76 and a two-hundred day simple moving average of $198.08.
Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same period in the prior year, the firm posted $5.48 earnings per share. The company's revenue for the quarter was up 26.9% on a year-over-year basis. On average, equities analysts predict that Capital One Financial Corporation will post 20.19 EPS for the current fiscal year.
Capital One Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial's dividend payout ratio (DPR) is presently 19.80%.
About Capital One Financial
(
Free Report)
Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.
Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.
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