Capital One Financial Corporation $COF Shares Bought by Comerica Bank

Key Points

• Comerica Bank increased its stake in Capital One Financial by 9.0%, acquiring an additional 8,640 shares, bringing its total holdings to 104,324 shares valued at approximately $18.7 million.
• Analysts have issued positive ratings on Capital One Financial, with multiple firms raising their price targets, indicating a consensus target of $238.81 and numerous "buy" or "strong buy" ratings.
• Capital One recently reported quarterly earnings of $5.48 EPS, exceeding estimates and achieved a revenue increase of 31.4% year-over-year, alongside the declaration of a quarterly dividend of $0.60.

Comerica Bank increased its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,324 shares of the financial services provider's stock after purchasing an additional 8,640 shares during the quarter. Comerica Bank's holdings in Capital One Financial were worth $18,705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of COF. Beacon Capital Management LLC grew its stake in Capital One Financial by 118.3% in 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 in the last quarter. Bogart Wealth LLC grew its stake in Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after purchasing an additional 243 shares in the last quarter. Motco grew its stake in Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after purchasing an additional 137 shares in the last quarter. Rossby Financial LCC bought a new position in Capital One Financial in the first quarter worth approximately $48,000. Finally, Bernard Wealth Management Corp. bought a new position in Capital One Financial in the first quarter worth approximately $54,000. Institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on COF. Rothschild & Co Redburn began coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 target price on the stock. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods increased their target price on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their target price on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Citigroup increased their target price on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider owned 68,707 shares of the company's stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,298 shares of company stock worth $4,233,044. Insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

COF stock traded up $0.29 during midday trading on Friday, reaching $227.43. The stock had a trading volume of 2,551,623 shares, compared to its average volume of 4,374,662. The stock has a market cap of $145.44 billion, a PE ratio of 116.63, a P/E/G ratio of 0.88 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day simple moving average of $215.19 and a two-hundred day simple moving average of $194.76. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. The business's revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the business earned $3.14 EPS. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

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.