Highland Capital Management LLC Invests $3.74 Million in Capital One Financial Corporation (NYSE:COF)

Highland Capital Management LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 20,870 shares of the financial services provider's stock, valued at approximately $3,742,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in Capital One Financial during the fourth quarter worth $27,000. SBI Securities Co. Ltd. bought a new stake in shares of Capital One Financial during the 4th quarter valued at about $32,000. Beacon Capital Management LLC grew its stake in Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Capital One Financial during the 4th quarter worth approximately $41,000. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of Capital One Financial during the 1st quarter worth approximately $54,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on COF shares. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $183.00 to $210.00 and gave the company a "neutral" rating in a research report on Thursday, June 26th. Truist Financial raised their target price 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. Wells Fargo & Company upped their price target on Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Baird R W raised Capital One Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Robert W. Baird raised Capital One Financial from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $215.86.

Capital One Financial Stock Performance

Shares of COF stock traded up $2.25 during trading on Tuesday, hitting $215.01. The company's stock had a trading volume of 4,914,545 shares, compared to its average volume of 3,599,517. The business has a fifty day moving average of $193.15 and a 200-day moving average of $186.62. 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 $216.78. The company has a market cap of $82.38 billion, a PE ratio of 18.05, a P/E/G ratio of 0.93 and a beta of 1.13.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.31. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. As a group, research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were issued a $0.60 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.12%. Capital One Financial's dividend payout ratio (DPR) is presently 20.15%.

Insider Buying and Selling

In related news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the sale, the director owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of the business's stock in a transaction dated 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 owned 20,089 shares in the company, valued at $4,005,746.60. This represents a 32.24% 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.

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.