Envestnet Asset Management Inc. Purchases 61,444 Shares of Capital One Financial Corporation (NYSE:COF)

Envestnet Asset Management Inc. lifted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 10.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 677,389 shares of the financial services provider's stock after purchasing an additional 61,444 shares during the period. Envestnet Asset Management Inc. owned approximately 0.18% of Capital One Financial worth $121,456,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Whelan Financial acquired a new position in shares of Capital One Financial during the first quarter worth approximately $459,000. Burke & Herbert Bank & Trust Co. lifted its position in shares of Capital One Financial by 3.0% during the first quarter. Burke & Herbert Bank & Trust Co. now owns 9,500 shares of the financial services provider's stock worth $1,703,000 after purchasing an additional 278 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Capital One Financial by 6.7% during the first quarter. Concurrent Investment Advisors LLC now owns 17,789 shares of the financial services provider's stock worth $3,190,000 after purchasing an additional 1,114 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Capital One Financial by 23.7% during the first 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 purchasing an additional 950,415 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Capital One Financial during the first quarter worth approximately $67,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction 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 trade represents a 32.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $329,444.60. Following the transaction, the director directly owned 56,244 shares in the company, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $232.00 to $248.00 and gave the stock an "outperform" rating in a research report on Wednesday. BTIG Research upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective on the stock in a report on Tuesday, March 25th. Bank of America increased their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Barclays restated an "overweight" rating and issued a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Finally, Wells Fargo & Company upped their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $222.07.

Capital One Financial Stock Down 0.4%

Shares of COF stock traded down $0.88 during trading hours on Friday, hitting $219.86. 2,965,732 shares of the company were exchanged, compared to its average volume of 3,632,184. The business has a 50 day moving average of $199.97 and a two-hundred day moving average of $189.02. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. Capital One Financial Corporation has a 52 week low of $128.23 and a 52 week high of $221.95. The company has a market capitalization of $84.24 billion, a PE ratio of 18.46, a PEG ratio of 0.92 and a beta of 1.15.

Capital One Financial (NYSE:COF - Get Free Report) last announced its 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 net margin of 9.65% and a return on equity of 9.63%. The business had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. Analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's payout ratio is 20.15%.

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.