Moore Capital Management LP grew its stake in Capital One Financial Corporation (NYSE:COF) by 58.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,160 shares of the financial services provider's stock after purchasing an additional 97,060 shares during the quarter. Capital One Financial makes up 0.8% of Moore Capital Management LP's holdings, making the stock its 20th biggest position. Moore Capital Management LP's holdings in Capital One Financial were worth $52,996,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of COF. HighTower Advisors LLC raised its position in shares of Capital One Financial by 18.1% in the fourth quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider's stock valued at $85,739,000 after buying an additional 54,263 shares during the last quarter. Swiss Life Asset Management Ltd boosted its position in Capital One Financial by 11.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider's stock worth $28,076,000 after acquiring an additional 11,651 shares during the last quarter. Sculptor Capital LP acquired a new position in Capital One Financial during the first quarter worth about $33,932,000. Nomura Asset Management Co. Ltd. grew its stake in Capital One Financial by 2.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider's stock valued at $54,283,000 after acquiring an additional 6,225 shares in the last quarter. Finally, Truist Financial Corp grew its stake in Capital One Financial by 2.5% during the 4th quarter. Truist Financial Corp now owns 640,050 shares of the financial services provider's stock valued at $155,122,000 after acquiring an additional 15,644 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.
Capital One Financial Stock Performance
Capital One Financial stock opened at $215.81 on Monday. The firm has a 50 day simple moving average of $210.32 and a 200-day simple moving average of $197.82. The stock has a market cap of $132.40 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. 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 released its quarterly 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 for the quarter, compared to analyst estimates of $15.76 billion. During the same quarter in the previous year, the company earned $5.48 EPS. The business's revenue for the quarter was up 26.9% compared to the same quarter last year. On average, analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current year.
Capital One Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 dividend on an annualized basis and a yield of 1.5%. Capital One Financial's payout ratio is currently 19.80%.
Analyst Ratings Changes
A number of analysts have commented on the stock. Weiss Ratings upgraded shares of Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Piper Sandler initiated coverage on Capital One Financial in a report on Monday, June 29th. They set an "overweight" rating and a $254.00 target price on the stock. JPMorgan Chase & Co. upped their price target on Capital One Financial from $215.00 to $245.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. UBS Group increased their price target on Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a research report on Thursday, August 20th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus price target of $258.91.
Read Our Latest Stock Analysis on COF
Insider Buying and Selling
In other news, insider Celia Karam sold 1,888 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $425,781.76. Following the transaction, the insider owned 59,708 shares of the company's stock, valued at $13,465,348.16. This represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the transaction, the insider owned 63,261 shares of the company's stock, valued at approximately $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 26,267 shares of company stock valued at $5,617,648. 0.78% of the stock is currently owned by company insiders.
Capital One Financial Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).
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