Great Lakes Advisors LLC Purchases Shares of 47,951 Capital One Financial Corporation $COF

Key Points

• Great Lakes Advisors acquired 47,951 Capital One Financial shares during the second quarter, valued at approximately $9.62 million. Institutional investors collectively own 89.84% of COF.
• Analysts maintain a largely positive outlook, with 21 Buy ratings and three Holds, producing a consensus rating of “Moderate Buy” and an average price target of $259.36.
• Capital One reported quarterly EPS of $5.81, surpassing estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion. The company also declared a quarterly dividend of $0.80 per share, representing a 1.4% yield.

Great Lakes Advisors LLC acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,951 shares of the financial services provider's stock, valued at approximately $9,620,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. grew its holdings in shares of Capital One Financial by 529.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider's stock worth $26,000 after purchasing an additional 90 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Capital One Financial during the 4th quarter worth about $27,000. Cherry Tree Wealth Management LLC lifted its holdings in Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Ballast Advisors LLC bought a new position in Capital One Financial during the 1st quarter valued at about $27,000. Finally, Strive Asset Management LLC bought a new position in Capital One Financial during the 3rd quarter valued at about $28,000. 89.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

COF has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. HSBC upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their target price for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Truist Financial reduced their target price on Capital One Financial from $275.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, April 23rd. Citigroup decreased their price target on Capital One Financial from $310.00 to $295.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. Finally, Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Twenty-one analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $259.36.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the transaction, the insider owned 27,992 shares of the company's stock, valued at approximately $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Timothy P. Golden sold 3,487 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the transaction, the chief accounting officer owned 7,429 shares of the company's stock, valued at $1,567,519. This trade represents a 31.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,267 shares of company stock worth $5,617,648 in the last quarter. Company insiders own 0.78% of the company's stock.

Capital One Financial Price Performance

Capital One Financial stock opened at $221.23 on Wednesday. The firm has a market capitalization of $135.72 billion, a P/E ratio of 13.69, a PEG ratio of 0.84 and a beta of 1.02. The business has a 50-day moving average of $206.52 and a 200-day moving average of $198.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the prior year, the firm earned $5.48 earnings per share. The business's quarterly revenue was up 26.9% on a year-over-year basis. On average, equities analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.80 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. Capital One Financial's payout ratio is currently 19.80%.

About Capital One Financial

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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