Coastal Bridge Advisors LLC Takes $6.97 Million Position in Capital One Financial Corporation $COF

Key Points

• Coastal Bridge Advisors acquired 34,727 shares of Capital One Financial worth approximately $6.97 million, while institutional investors collectively own 89.84% of the company.
• Capital One reported quarterly earnings of $5.81 per share, beating estimates by $1.02, as revenue rose 26.9% year over year to $15.83 billion.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $258.91 target price; the company also declared a quarterly dividend of $0.80 per share.

Coastal Bridge Advisors LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 34,727 shares of the financial services provider's stock, valued at approximately $6,967,000.

A number of other large investors also recently modified their holdings of the company. HighTower Advisors LLC boosted its holdings in 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 worth $85,739,000 after purchasing an additional 54,263 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position 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 buying an additional 11,651 shares in the last quarter. Sculptor Capital LP bought a new position in shares of Capital One Financial during the 1st quarter worth approximately $33,932,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Capital One Financial by 2.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider's stock worth $54,283,000 after buying an additional 6,225 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in shares of Capital One Financial by 2.5% in the 4th 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 currently owned by institutional investors.

Insider Transactions at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel owned 90,194 shares in the company, valued at $18,760,352. The trade was a 3.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The stock was 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 of the company's stock, valued at approximately $1,567,519. This represents a 31.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 26,267 shares of company stock worth $5,617,648. Company insiders own 0.78% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COF. Weiss Ratings upgraded Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Piper Sandler began coverage on shares of Capital One Financial in a report on Monday, June 29th. They set an "overweight" rating and a $254.00 price objective on the stock. Barclays reduced their price objective on shares of Capital One Financial from $242.00 to $240.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. HSBC raised 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 report on Sunday, July 12th. Finally, Wolfe Research raised their price target on Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.91.

Capital One Financial Price Performance

COF stock opened at $216.91 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The stock has a market cap of $133.07 billion, a PE ratio of 13.42, a P/E/G ratio of 0.80 and a beta of 1.02. The firm has a 50 day simple moving average of $210.04 and a two-hundred day simple moving average of $197.87.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $15.76 billion. During the same quarter last year, the company posted $5.48 EPS. The business's quarterly revenue was up 26.9% on a year-over-year basis. On average, analysts predict that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial's dividend payout ratio is presently 19.80%.

About Capital One Financial

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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