Fifth Third Bancorp Buys 4,509 Shares of Capital One Financial Co. (NYSE:COF)

Fifth Third Bancorp lifted its holdings in Capital One Financial Co. (NYSE:COF - Free Report) by 16.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,899 shares of the financial services provider's stock after buying an additional 4,509 shares during the period. Fifth Third Bancorp's holdings in Capital One Financial were worth $5,719,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COF. Brighton Jones LLC boosted its stake in shares of Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after buying an additional 10,428 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Capital One Financial by 91.2% in the 4th quarter. Empowered Funds LLC now owns 17,589 shares of the financial services provider's stock worth $3,136,000 after buying an additional 8,392 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Capital One Financial by 10.9% in the 4th quarter. Savant Capital LLC now owns 8,768 shares of the financial services provider's stock worth $1,564,000 after buying an additional 860 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its stake in shares of Capital One Financial by 3.3% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider's stock worth $317,000 after buying an additional 56 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Capital One Financial by 2.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 150,030 shares of the financial services provider's stock worth $27,038,000 after buying an additional 3,261 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of the 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 now directly owns 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the 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 sale, the director now owns 56,244 shares of the company's stock, 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. Company insiders own 1.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. Wells Fargo & Company upped their price objective on Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Royal Bank of Canada set a $190.00 price objective on Capital One Financial and gave the company a "sector perform" rating in a research note on Monday, April 14th. Citigroup dropped their price objective on Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Finally, Truist Financial upped their price objective on Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $210.64.

Capital One Financial Price Performance

COF traded down $5.19 during trading on Friday, reaching $192.49. The stock had a trading volume of 3,410,815 shares, compared to its average volume of 3,539,729. The stock has a market cap of $73.75 billion, a PE ratio of 16.61, a PEG ratio of 1.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The business has a 50-day moving average of $184.50 and a 200-day moving average of $185.36.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.07 billion. As a group, equities research analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared 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 of this dividend was Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.25%. Capital One Financial's payout ratio is 20.15%.

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.