Vanguard Personalized Indexing Management LLC Increases Stake in Capital One Financial Corporation $COF

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Capital One Financial by 105.6% during the 2nd quarter, acquiring an additional 48,785 shares, bringing total holdings to 94,964 shares worth approximately $20.3 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Capital One, with a price target ranging from $252.78 to about $261.00, indicating strong confidence in the stock's potential growth.
• Capital One recently paid a quarterly dividend of $0.60 per share, which corresponds to an annualized dividend of $2.40, translating to a 1.2% yield.

Vanguard Personalized Indexing Management LLC grew its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 105.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,964 shares of the financial services provider's stock after acquiring an additional 48,785 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Capital One Financial were worth $20,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of Capital One Financial in the first quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC increased its stake in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after buying an additional 101 shares during the period. Saudi Central Bank purchased a new position in Capital One Financial in the 1st quarter worth about $27,000. Finally, RMG Wealth Management LLC purchased a new position in Capital One Financial in the 2nd quarter worth about $27,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

COF has been the topic of several recent analyst reports. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Capital One Financial in a research note on Wednesday. Barclays raised their price target on shares of Capital One Financial from $253.00 to $257.00 and gave the stock an "overweight" rating in a research note on Monday, October 6th. TD Cowen raised their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a "buy" rating in a research note on Monday, October 6th. Finally, UBS Group reduced their price target on shares of Capital One Financial from $270.00 to $266.00 and set a "buy" rating on the stock in a research note on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus price target of $252.78.

Capital One Financial Trading Down 4.0%

NYSE COF opened at $202.37 on Friday. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The company has a market capitalization of $129.42 billion, a price-to-earnings ratio of 103.78, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18. 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's 50-day simple moving average is $219.02 and its two-hundred day simple moving average is $202.27.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter in the prior year, the business posted $3.14 earnings per share. The firm's quarterly revenue was up 31.4% on a year-over-year basis. Equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

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

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock valued at $5,103,824 over the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.