Clear Harbor Asset Management LLC Boosts Stake in Capital One Financial Corporation $COF

Key Points

• Clear Harbor Asset Management LLC increased its stake in Capital One Financial by 198.3%, acquiring an additional 11,221 shares during the second quarter, bringing its total holdings to 16,879 shares valued at approximately $3.59 million.
• Capital One Financial's stock price opened at $228.13 recently, with a market cap of $145.89 billion and a current dividend yield of 1.1%.
• Numerous institutional investors have boosted their stakes in Capital One, with 89.84% of the stock now owned by institutional investors, indicating strong investor confidence.

Clear Harbor Asset Management LLC boosted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 198.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,879 shares of the financial services provider's stock after acquiring an additional 11,221 shares during the quarter. Clear Harbor Asset Management LLC's holdings in Capital One Financial were worth $3,591,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in COF. Kingstone Capital Partners Texas LLC increased its stake in Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock worth $24,988,129,000 after acquiring an additional 117,427,549 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in Capital One Financial during the first quarter worth approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Capital One Financial by 45.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock worth $838,609,000 after acquiring an additional 1,454,595 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Capital One Financial by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after acquiring an additional 950,415 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Capital One Financial during the first quarter worth approximately $141,599,000. 89.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares in the company, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Stock Down 0.7%

Capital One Financial stock opened at $228.13 on Monday. The business has a fifty day moving average of $218.68 and a two-hundred day moving average of $197.82. 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 firm has a market cap of $145.89 billion, a P/E ratio of 116.99, a P/E/G ratio of 0.88 and a beta of 1.17. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data 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 company posted $3.14 EPS. The business's revenue for the quarter was up 31.4% on a year-over-year basis. On average, 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 was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Analyst Ratings Changes

Several brokerages have weighed in on COF. Truist Financial boosted their price objective on Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Barclays reaffirmed an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and upped their target price for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Finally, Rothschild & Co Redburn began coverage on Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 target price on the stock. Three 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $239.44.

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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