Envestnet Asset Management Inc. Increases Stake in 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% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 677,389 shares of the financial services provider's stock after acquiring 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 quarter.

Other large investors also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in Capital One Financial by 1.0% during the 4th quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider's stock worth $936,000 after acquiring an additional 54 shares during the last quarter. Family Legacy Inc. grew its holdings in Capital One Financial by 0.8% during the 4th quarter. Family Legacy Inc. now owns 7,980 shares of the financial services provider's stock worth $1,438,000 after acquiring an additional 60 shares during the last quarter. Opal Wealth Advisors LLC boosted its stake in shares of Capital One Financial by 3.1% in the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock valued at $386,000 after purchasing an additional 64 shares during the last quarter. Aspiriant LLC increased its position in shares of Capital One Financial by 2.4% during the first quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock worth $522,000 after buying an additional 67 shares during the period. Finally, Citizens National Bank Trust Department increased its position in shares of Capital One Financial by 25.7% during the first quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock worth $59,000 after buying an additional 67 shares during the period. Institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

NYSE:COF traded down $0.88 during mid-day trading on Friday, hitting $219.86. 2,965,732 shares of the stock traded hands, compared to its average volume of 3,624,376. The business's 50-day moving average price is $199.97 and its 200 day moving average price is $188.97. The company has a market cap of $84.24 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15. Capital One Financial Corporation has a 12-month low of $128.23 and a 12-month high of $221.95. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating 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 company had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. On average, analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Insider Buying and Selling

In other news, insider Michael Zamsky sold 9,560 shares of the business's stock in a transaction that occurred 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 directly owned 20,089 shares in the company, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the sale, the director owned 56,244 shares of the company's stock, valued at $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. Insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on COF shares. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $210.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday. Barclays reissued an "overweight" rating and set a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 target price on the stock in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods increased 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 note on Wednesday. Finally, Truist Financial increased their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $222.07.

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.