United Capital Financial Advisors LLC Makes New Investment in Capital One Financial Corporation $COF

Key Points

• United Capital Financial Advisors acquired 34,093 shares of Capital One Financial, valued at approximately $6.84 million. Institutional investors collectively own 89.84% of the company’s stock.
• Analysts maintain a “Moderate Buy” consensus, with 21 Buy ratings and three Holds and an average price target of $258.91, above the reported $216.91 share price.
• Capital One exceeded quarterly earnings expectations, reporting $5.81 in EPS and $15.83 billion in revenue, while revenue grew 26.9% year over year. The company also declared a quarterly dividend of $0.80 per share, representing a 1.5% annualized yield.

United Capital Financial Advisors LLC acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 34,093 shares of the financial services provider's stock, valued at approximately $6,840,000.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock worth $10,242,628,000 after purchasing an additional 236,643 shares in the last quarter. Franklin Resources Inc. increased its position in Capital One Financial by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider's stock valued at $3,023,795,000 after buying an additional 638,158 shares in the last quarter. Morgan Stanley increased its position in Capital One Financial by 3.9% in the 4th quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider's stock valued at $2,103,196,000 after buying an additional 323,350 shares in the last quarter. Norges Bank acquired a new stake in Capital One Financial in the fourth quarter valued at approximately $2,089,803,000. Finally, Davis Selected Advisers grew its stake in Capital One Financial by 2.8% in the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider's stock valued at $2,087,878,000 after acquiring an additional 234,649 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 1,888 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $425,781.76. Following the completion of the sale, the insider directly owned 59,708 shares of the company's stock, valued at approximately $13,465,348.16. This represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the company's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the sale, the insider directly owned 26,328 shares of the company's stock, valued at $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 26,267 shares of company stock worth $5,617,648. 0.78% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BTIG Research boosted their price objective on Capital One Financial from $224.00 to $259.00 and gave the company a "buy" rating in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a research report on Thursday, August 20th. UBS Group boosted their price target on shares of Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. TD Cowen lowered their price objective on shares of Capital One Financial from $260.00 to $253.00 and set a "buy" rating on the stock in a report on Tuesday, July 7th. Finally, Citigroup lowered their price objective on shares of Capital One Financial from $310.00 to $295.00 and set a "buy" rating on the stock in a report on Tuesday, July 28th. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $258.91.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $216.91 on Friday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $210.04 and a 200-day moving average price of $197.87. The company has a market cap of $133.07 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion for the quarter, compared to analysts' expectations of $15.76 billion. During the same quarter in the previous year, the firm earned $5.48 earnings per share. Capital One Financial's quarterly revenue was up 26.9% on a year-over-year basis. Equities analysts anticipate that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial's payout ratio is currently 19.80%.

About Capital One Financial

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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