Covenant Asset Management LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,807 shares of the financial services provider's stock, valued at approximately $4,269,000. Capital One Financial comprises approximately 0.9% of Covenant Asset Management LLC's holdings, making the stock its 29th largest position.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Capital One Financial by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock valued at $5,660,736,000 after acquiring an additional 234,863 shares during the period. Franklin Resources Inc. increased its holdings in shares of Capital One Financial by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock valued at $1,911,387,000 after acquiring an additional 331,595 shares during the period. Geode Capital Management LLC grew its stake in Capital One Financial by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock worth $1,467,393,000 after buying an additional 207,427 shares during the last quarter. FMR LLC grew its stake in Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after buying an additional 1,436,935 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Capital One Financial by 23.7% during the 1st 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 buying an additional 950,415 shares during the last quarter. 89.84% of the stock is owned by institutional investors.
Capital One Financial Trading Up 0.1%
Capital One Financial stock traded up $0.26 during mid-day trading on Friday, hitting $218.26. The company's stock had a trading volume of 3,106,854 shares, compared to its average volume of 3,628,157. The firm has a market capitalization of $83.62 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 0.91 and a beta of 1.15. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $221.95. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. The stock's fifty day moving average is $202.98 and its two-hundred day moving average is $190.35.
Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. On average, 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 was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's payout ratio is currently 20.15%.
Insider Buying and Selling at Capital One Financial
In other Capital One Financial news, Director Ann F. Hackett sold 1,658 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the sale, the insider owned 20,089 shares in the company, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.
Analyst Ratings Changes
COF has been the topic of several research analyst reports. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. 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 report on Monday, June 23rd. Bank of America lifted their price target on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Wells Fargo & Company boosted their price objective on Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, BTIG Research raised Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a report on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $222.07.
Get Our Latest Stock Analysis on Capital One Financial
Capital One Financial Company Profile
(
Free Report)
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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