Private Advisor Group LLC Acquires 1,312 Shares of Capital One Financial Corporation (NYSE:COF)

Key Points

• Private Advisor Group LLC increased its holdings in Capital One Financial Corporation by 15.3%, owning nearly 10,000 shares worth $1.78 million at the end of the first quarter.
• Capital One reported an impressive EPS of $5.48 for the last quarter, significantly surpassing analysts' expectations of $1.93, alongside a revenue increase of 31.4% year-over-year.
• The company announced a quarterly dividend of $0.60, with a current payout ratio of 123.08%, reflecting its commitment to returning value to shareholders.

Private Advisor Group LLC increased its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 15.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,904 shares of the financial services provider's stock after acquiring an additional 1,312 shares during the quarter. Private Advisor Group LLC's holdings in Capital One Financial were worth $1,776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Capital One Financial in the fourth quarter valued at $590,279,000. Lone Pine Capital LLC purchased a new stake in shares of Capital One Financial in the fourth quarter valued at $577,012,000. FMR LLC raised its stake in shares of Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after acquiring an additional 1,436,935 shares during the period. Meritage Group LP purchased a new stake in shares of Capital One Financial in the fourth quarter valued at $227,662,000. Finally, Invesco Ltd. raised its stake in shares of Capital One Financial by 38.7% in the fourth quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider's stock valued at $734,223,000 after acquiring an additional 1,148,443 shares during the period. Institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on COF. Royal Bank Of Canada raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday. Truist Financial raised their price target on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Bank of America raised their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, Citigroup raised their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $233.07.

Insider Transactions at Capital One Financial

In related news, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction that occurred 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 sale, the director owned 56,244 shares in the company, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 9,560 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the sale, the insider owned 20,089 shares of the company's stock, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,332 shares of company stock worth $4,540,285. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Up 0.6%

Shares of NYSE:COF traded up $1.28 during midday trading on Friday, hitting $212.61. 4,501,689 shares of the company's stock traded hands, compared to its average volume of 3,771,397. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 1.02. The company has a market cap of $81.46 billion, a PE ratio of 109.03, a P/E/G ratio of 0.86 and a beta of 1.15. The firm's fifty day moving average price is $204.67 and its two-hundred day moving average price is $191.55. Capital One Financial Corporation has a twelve month low of $128.23 and a twelve month high of $232.45.

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 analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The business's quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.14 EPS. On average, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.60 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.13%. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Capital One Financial Company 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.