Credit Agricole S A Acquires 4,791 Shares of Capital One Financial Corporation $COF

Key Points

• Credit Agricole S A has increased its stake in Capital One Financial Corporation by 3.7%, owning 132,716 shares valued at approximately $23.8 million as of the end of Q1.
• Capital One reported an impressive earnings per share of $5.48 for the last quarter, significantly exceeding analysts' expectations of $1.93, with a year-over-year revenue increase of 31.4%.
• The company recently announced a quarterly dividend of $0.60 per share, reflecting a payout ratio of 123.08%, indicating a strong commitment to returning value to its shareholders.

Credit Agricole S A lifted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 3.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,716 shares of the financial services provider's stock after purchasing an additional 4,791 shares during the period. Credit Agricole S A's holdings in Capital One Financial were worth $23,796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Beacon Capital Management LLC grew its holdings in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after buying an additional 97 shares in the last quarter. Bogart Wealth LLC grew its holdings in shares of Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after buying an additional 243 shares in the last quarter. Motco grew 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 valued at $46,000 after buying an additional 137 shares in the last quarter. Rossby Financial LCC purchased a new position in shares of Capital One Financial during the first quarter valued at $48,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of Capital One Financial during the first quarter valued at $54,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $727,989.36. Following the sale, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,298 shares of company stock worth $4,233,044. Company insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on COF. Rothschild & Co Redburn started coverage on Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Wells Fargo & Company increased their price objective on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Bank of America increased their price objective on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Truist Financial increased their price objective on Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, Keefe, Bruyette & Woods increased their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Three investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $238.81.

Capital One Financial Stock Performance

Shares of Capital One Financial stock traded up $9.2070 during trading on Friday, reaching $221.2170. The company's stock had a trading volume of 4,137,068 shares, compared to its average volume of 3,601,944. 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 business's fifty day moving average price is $212.93 and its 200-day moving average price is $194.10. The firm has a market cap of $141.47 billion, a price-to-earnings ratio of 113.45, a price-to-earnings-growth ratio of 0.86 and a beta of 1.16. 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 posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The company's revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.14 earnings per share. As a group, equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.60 dividend. 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 payout ratio is presently 123.08%.

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.