Venator Management LLC Grows Stock Position in Capital One Financial Corporation $COF

Key Points

• Venator Management LLC increased its stake in Capital One Financial by 7.7% in Q1, bringing its total ownership to 53,912 shares, valued at approximately $9.67 million.
• Several institutional investors have also significantly increased their positions in Capital One, including Candriam S.C.A.** which raised its stake by 22.5% in the same quarter.
• Capital One Financial recently reported earnings of $5.48 per share, exceeding the consensus estimate of $1.93, with revenue hitting $12.49 billion, a 31.4% increase year-over-year.

Venator Management LLC boosted its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 7.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,912 shares of the financial services provider's stock after acquiring an additional 3,837 shares during the quarter. Capital One Financial comprises about 2.9% of Venator Management LLC's holdings, making the stock its 13th largest holding. Venator Management LLC's holdings in Capital One Financial were worth $9,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CW Advisors LLC raised its position in shares of Capital One Financial by 6.8% in the 1st quarter. CW Advisors LLC now owns 32,323 shares of the financial services provider's stock valued at $5,798,000 after purchasing an additional 2,062 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Capital One Financial by 14.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,417,271 shares of the financial services provider's stock valued at $254,117,000 after purchasing an additional 174,359 shares in the last quarter. Candriam S.C.A. raised its position in shares of Capital One Financial by 22.5% in the 1st quarter. Candriam S.C.A. now owns 47,161 shares of the financial services provider's stock valued at $8,456,000 after purchasing an additional 8,651 shares in the last quarter. TFB Advisors LLC raised its position in shares of Capital One Financial by 3.4% in the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock valued at $276,000 after purchasing an additional 51 shares in the last quarter. Finally, Venture Visionary Partners LLC raised its position in shares of Capital One Financial by 23.7% in the 1st quarter. Venture Visionary Partners LLC now owns 4,782 shares of the financial services provider's stock valued at $857,000 after purchasing an additional 915 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

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 value of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,298 shares of company stock valued at $4,233,044. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

COF has been the topic of a number of recent analyst reports. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 target price on the stock. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Truist Financial upped their price target on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Wells Fargo & Company upped their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, Keefe, Bruyette & Woods upped their price target on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.81.

Capital One Financial Price Performance

Shares of NYSE COF opened at $214.6110 on Thursday. Capital One Financial Corporation has a 1-year low of $131.55 and a 1-year high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The business's fifty day moving average price is $212.06 and its two-hundred day moving average price is $193.95. The firm has a market capitalization of $137.25 billion, a PE ratio of 110.06, a P/E/G ratio of 0.83 and a beta of 1.16.

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

Capital One Financial Announces Dividend

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 paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio is presently 123.08%.

Capital One Financial 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.

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