Commonwealth Equity Services LLC Acquires 20,599 Shares of Capital One Financial Corporation (NYSE:COF)

Key Points

• Commonwealth Equity Services LLC increased its stake in Capital One Financial by 16.2% during the 1st quarter, now owning over 147,000 shares worth approximately $26.4 million.
• Analysts have raised price targets for Capital One Financial, with Truist Financial increasing its target from $225 to $260, indicating a positive outlook for the stock.
• Capital One recently announced a quarterly dividend of $0.60, translating to a 1.1% yield, with a payout ratio of 123.08%.

Commonwealth Equity Services LLC grew its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 16.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,507 shares of the financial services provider's stock after acquiring an additional 20,599 shares during the quarter. Commonwealth Equity Services LLC's holdings in Capital One Financial were worth $26,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Beacon Capital Management LLC lifted its stake in Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares during the last quarter. Motco increased its holdings in shares of Capital One Financial by 115.1% during the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after buying an additional 137 shares in the last quarter. Bogart Wealth LLC lifted its stake in shares of Capital One Financial by 1,518.8% in the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 243 shares during the last quarter. Rossby Financial LCC acquired a new stake in shares of Capital One Financial during the 1st quarter valued at $48,000. Finally, Bernard Wealth Management Corp. bought a new stake in Capital One Financial during the 1st quarter worth $54,000. Institutional investors own 89.84% of the company's stock.

Insider Activity

In other news, Director Ann F. Hackett sold 1,658 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 56,244 shares in the company, valued at $11,175,682.80. This trade represents a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of the business's 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 completion of the sale, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,847 shares of company stock worth $5,696,173. Company insiders own 1.26% of the company's stock.

Capital One Financial Trading Up 0.5%

Shares of Capital One Financial stock traded up $1.03 on Friday, hitting $208.32. 3,108,026 shares of the company's stock traded hands, compared to its average volume of 4,494,118. The company has a market capitalization of $79.82 billion, a price-to-earnings ratio of 106.83, a price-to-earnings-growth ratio of 0.83 and a beta of 1.16. The company has a fifty day moving average of $208.61 and a two-hundred day moving average of $193.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a one year low of $131.55 and a one year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period last year, the business earned $3.14 EPS. The business's quarterly revenue was up 31.4% compared to the same quarter last year. As a group, sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share 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. Stockholders of record on Friday, August 15th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. Capital One Financial's dividend payout ratio is currently 123.08%.

Analyst Ratings Changes

Several research firms have commented on COF. 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. Wall Street Zen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, July 18th. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their target price for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Citigroup upped their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Barclays reaffirmed an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $238.81.

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.