Nuveen LLC Takes Position in Capital One Financial Corporation (NYSE:COF)

Key Points

• Nuveen LLC purchased 789,731 shares of Capital One Financial, worth approximately $141.6 million, indicating significant institutional interest in the company.
• Insider Michael Zamsky sold 5,515 shares, reducing their holdings by 16.77%, while insider Robert M. Alexander sold 10,114 shares, reflecting a 12.83% decrease in their position.
• Analysts have raised their price targets for Capital One Financial, with Citigroup increasing its target from $250.00 to $275.00, showcasing positive sentiment among market experts.

Nuveen LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 789,731 shares of the financial services provider's stock, valued at approximately $141,599,000. Nuveen LLC owned about 0.21% of Capital One Financial at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. 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 buying an additional 97 shares in the last quarter. Motco grew its stake in shares of Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after purchasing an additional 137 shares during the last quarter. Bogart Wealth LLC lifted its stake in shares of Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after acquiring an additional 243 shares during the period. Rossby Financial LCC acquired a new stake in shares of Capital One Financial during the first quarter worth $48,000. Finally, Bernard Wealth Management Corp. acquired a new stake in Capital One Financial during the 1st quarter worth about $54,000. 89.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COF has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Truist Financial increased their price target on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Wells Fargo & Company increased their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, Bank of America increased their price objective on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $2,304,576.04. Following the completion of the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,091 shares of company stock valued at $4,188,454. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Trading Down 2.3%

NYSE:COF traded down $5.07 during mid-day trading on Friday, reaching $215.41. 3,420,600 shares of the company's stock traded hands, compared to its average volume of 4,458,483. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month high of $232.45. The firm has a market capitalization of $137.76 billion, a price-to-earnings ratio of 110.47, a PEG ratio of 0.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day moving average price of $210.82 and a 200-day moving average price of $193.64.

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

Capital One Financial Announces Dividend

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