Vanguard Group Inc. Boosts Stock Position in Capital One Financial Corporation (NYSE:COF)

Key Points

• Vanguard Group Inc. increased its stake in Capital One Financial by 1.6%, acquiring an additional 506,105 shares, bringing its total holding to 32,250,923 shares valued at approximately $5.78 billion.
• Several institutional investors have also raised their positions in Capital One, with ownership among hedge funds and institutions at 89.84% of the total stock.
• Capital One reported a quarterly EPS of $5.48, significantly surpassing the consensus estimate of $1.93, along with a 31.4% year-over-year increase in revenue.

Vanguard Group Inc. grew its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,250,923 shares of the financial services provider's stock after acquiring an additional 506,105 shares during the period. Vanguard Group Inc. owned about 8.45% of Capital One Financial worth $5,782,590,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Opal Wealth Advisors LLC grew its position in Capital One Financial by 3.1% during the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock valued at $386,000 after buying an additional 64 shares during the period. Aspiriant LLC increased its holdings in Capital One Financial by 2.4% in the first quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock valued at $522,000 after buying an additional 67 shares in the last quarter. Citizens National Bank Trust Department increased its holdings in Capital One Financial by 25.7% in the first quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock valued at $59,000 after buying an additional 67 shares in the last quarter. CVA Family Office LLC increased its holdings in Capital One Financial by 5.9% in the first quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider's stock valued at $259,000 after buying an additional 80 shares in the last quarter. Finally, Norden Group LLC increased its holdings in Capital One Financial by 4.0% in the first quarter. Norden Group LLC now owns 2,091 shares of the financial services provider's stock valued at $375,000 after buying an additional 81 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 0.5%

Shares of NYSE COF traded up $1.03 during trading on Friday, hitting $208.32. 3,108,026 shares of the company were exchanged, compared to its average volume of 4,080,770. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month 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. The company has a fifty day moving average price of $208.99 and a 200-day moving average price of $193.28. The firm has a market capitalization of $133.22 billion, a PE ratio of 106.83, a P/E/G ratio of 0.81 and a beta of 1.16.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $3.14 EPS. The firm's revenue was up 31.4% on a year-over-year basis. As a group, equities research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. Capital One Financial's dividend payout ratio is currently 123.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on COF shares. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Barclays reaffirmed an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. TD Cowen raised 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. Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Truist Financial increased their price objective on shares of Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a report on Monday, July 28th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Insider Transactions at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction 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 in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the transaction, the insider owned 20,089 shares of the company's stock, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,847 shares of company stock worth $5,696,173. 1.26% of the stock is currently owned by company insiders.

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.