Exchange Traded Concepts LLC Purchases 2,155 Shares of Capital One Financial Corporation $COF

Key Points

• Exchange Traded Concepts LLC increased its position in Capital One Financial Corporation (NYSE: COF) by 1.6%, owning 141,081 shares worth approximately $30.02 million as of its latest SEC filing.
• Major investors such as Vanguard Group and Bank of New York Mellon have also increased their stakes in Capital One Financial, indicating strong institutional interest, with 89.84% of the stock owned by institutional investors.
• Capital One Financial reported an impressive quarterly EPS of $5.48, significantly surpassing analysts' expectations, and recently declared a dividend of $0.60 per share, reflecting a yield of 1.1%.

Exchange Traded Concepts LLC lifted its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,081 shares of the financial services provider's stock after buying an additional 2,155 shares during the period. Exchange Traded Concepts LLC's holdings in Capital One Financial were worth $30,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Capital One Financial by 1.6% during the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock worth $5,782,590,000 after buying an additional 506,105 shares during the period. Bank of New York Mellon Corp boosted 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 buying an additional 950,415 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Capital One Financial by 18.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock worth $854,647,000 after buying an additional 734,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Capital One Financial by 45.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock worth $838,609,000 after buying an additional 1,454,595 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Capital One Financial by 13.3% during the first quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock worth $836,523,000 after buying an additional 548,052 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COF has been the subject of several recent research reports. Citigroup increased their price target on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Truist Financial increased their price target on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Royal Bank Of Canada increased their price target on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Finally, Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $239.44.

Capital One Financial Stock Performance

NYSE:COF traded down $1.61 on Friday, hitting $228.13. The company's stock had a trading volume of 4,825,233 shares, compared to its average volume of 2,808,706. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average of $218.68 and a two-hundred day moving average of $197.59. The firm has a market capitalization of $145.89 billion, a P/E ratio of 116.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.14 EPS. 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 was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial's dividend payout ratio is currently 123.08%.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock worth $4,679,844 in the last ninety days. 1.26% of the stock is currently owned by company insiders.

About Capital One Financial

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.