Pallas Capital Advisors LLC Grows Stock Holdings in Capital One Financial Corporation $COF

Key Points

• Pallas Capital Advisors LLC increased its stake in Capital One Financial Corporation by 156.2% in the second quarter, owning 14,962 shares worth approximately $3.18 million.
• Several institutional investors showed significant activity, with Gateway Investment Advisers increasing its position by an impressive 9,852.2%, now holding 186,107 shares valued at $39.6 million.
• Analysts generally have a Moderate Buy rating for Capital One, with a current average price target of $239.44, while some ratings were recently reduced from "buy" to "hold".

Pallas Capital Advisors LLC grew its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 156.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,962 shares of the financial services provider's stock after acquiring an additional 9,123 shares during the period. Pallas Capital Advisors LLC's holdings in Capital One Financial were worth $3,183,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. WPG Advisers LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth about $25,000. Saudi Central Bank acquired a new position in shares of Capital One Financial during the 1st quarter worth about $27,000. Beacon Capital Management LLC raised its position in shares of Capital One Financial by 118.3% during the 1st 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 last quarter. Nova Wealth Management Inc. raised its position in shares of Capital One Financial by 629.6% during the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock worth $42,000 after purchasing an additional 170 shares during the last quarter. Finally, Motco raised its position in shares of Capital One Financial by 115.1% during the 1st 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. Institutional investors and hedge funds own 89.84% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on COF. Wells Fargo & Company upped their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Truist Financial increased their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday, September 12th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of "Moderate Buy" and an average target price of $239.44.

Capital One Financial Trading Down 0.7%

Capital One Financial stock traded down $1.61 during mid-day trading on Friday, hitting $228.13. The company's stock had a trading volume of 4,825,233 shares, compared to its average volume of 4,272,877. The firm has a market capitalization of $145.89 billion, a PE ratio of 116.99, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year 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 stock's fifty day moving average is $218.52 and its two-hundred day moving average is $197.29.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same period in the previous year, the business posted $3.14 EPS. The business's revenue for the quarter was up 31.4% on a year-over-year basis. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Insider Activity at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the transaction, the general counsel owned 100,486 shares in the company, valued at $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the transaction, the chief accounting officer owned 8,780 shares of the company's stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock worth $4,679,844 over the last quarter. Company insiders own 1.26% of the company's stock.

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.