Natixis Advisors LLC Grows Position in Capital One Financial Corporation (NYSE:COF)

Key Points

• Natixis Advisors LLC raised its stake in Capital One Financial by 4.8% in Q1, owning 164,448 shares valued at approximately $29.49 million.
• Analysts have positive outlooks for Capital One, with Citigroup and others raising price targets significantly, indicating a consensus rating of "Moderate Buy."
• Capital One Financial declared a quarterly dividend of $0.60 per share, slated for payment on September 2nd, with a current dividend payout ratio of 123.08%.

Natixis Advisors LLC grew its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,448 shares of the financial services provider's stock after buying an additional 7,458 shares during the period. Natixis Advisors LLC's holdings in Capital One Financial were worth $29,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in COF. Quadrant Capital Group LLC lifted its position in Capital One Financial by 1.0% during the fourth quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider's stock valued at $936,000 after purchasing an additional 54 shares during the period. Opal Wealth Advisors LLC boosted its stake in shares of Capital One Financial by 3.1% in the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock worth $386,000 after buying an additional 64 shares during the last quarter. Aspiriant LLC grew its holdings in Capital One Financial by 2.4% during the first quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock worth $522,000 after acquiring an additional 67 shares during the period. Citizens National Bank Trust Department lifted its holdings in Capital One Financial by 25.7% in the first quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 67 shares during the period. Finally, CVA Family Office LLC boosted its position in Capital One Financial by 5.9% in the 1st quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider's stock worth $259,000 after purchasing an additional 80 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on COF. Citigroup raised their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Barclays reiterated an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Wells Fargo & Company boosted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $238.81.

Insider Transactions at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,332 shares of company stock valued at $4,540,285. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Down 3.5%

Shares of COF opened at $207.47 on Friday. The company's 50-day moving average price is $206.91 and its 200 day moving average price is $192.61. Capital One Financial Corporation has a 12-month low of $128.23 and a 12-month high of $232.45. 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 firm has a market cap of $79.49 billion, a P/E ratio of 106.40, a price-to-earnings-growth ratio of 0.85 and a beta of 1.16.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The business's revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.14 earnings per share. On average, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.