NewEdge Advisors LLC Increases Holdings in Capital One Financial Corporation $COF

Key Points

• NewEdge Advisors LLC increased its holdings in Capital One Financial Corporation by 28.2%, bringing its total shares to 13,077, valued at approximately $2.35 million.
• Multiple institutional investors, including Mirae Asset Global Investments and Creative Financial Designs, have also significantly boosted their stakes in the company during the first quarter, indicating strong institutional interest.
• Analyst ratings for Capital One Financial show a consensus of "Moderate Buy" with a price target averaging $238.81, highlighting optimism among financial analysts regarding the company's future performance.

NewEdge Advisors LLC increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 28.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,077 shares of the financial services provider's stock after purchasing an additional 2,875 shares during the period. NewEdge Advisors LLC's holdings in Capital One Financial were worth $2,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after purchasing an additional 9,374 shares during the period. Creative Financial Designs Inc. ADV boosted its position in Capital One Financial by 105.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after purchasing an additional 394 shares during the period. Private Advisor Group LLC boosted its position in Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after purchasing an additional 1,312 shares during the period. Mutual Advisors LLC purchased a new stake in Capital One Financial during the 1st quarter worth $215,000. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new stake in Capital One Financial during the 4th quarter worth $91,780,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COF has been the topic of several analyst reports. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and boosted their price target for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Citigroup boosted their price target on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Bank of America boosted their price target on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Capital One Financial has an average rating of "Moderate Buy" and a consensus target price of $238.81.

Insider Buying and Selling at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the transaction, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the transaction, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 in the last quarter. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Price Performance

COF opened at $223.63 on Thursday. The company has a 50-day moving average of $217.77 and a 200-day moving average of $196.12. The company has a market capitalization of $143.01 billion, a P/E ratio of 114.68, a PEG ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a 1-year low of $132.61 and a 1-year high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share 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 the consensus estimate of $12.72 billion. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.14 EPS. Equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

About Capital One Financial

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.

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