Capital One Financial Corporation $COF Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Capital One Financial Corporation by 80.7% in the first quarter, owning 988,638 shares worth approximately $177.26 million at quarter's end.
• Capital One's recent quarterly earnings report revealed earnings of $5.48 per share, significantly surpassing analysts' expectations of $1.93, with revenues reaching $12.49 billion.
• Capital One Financial announced a quarterly dividend of $0.60 per share, resulting in an annualized dividend of $2.40 and a payout ratio of 123.08%.

Voya Investment Management LLC raised its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 80.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 988,638 shares of the financial services provider's stock after buying an additional 441,382 shares during the period. Voya Investment Management LLC owned about 0.26% of Capital One Financial worth $177,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of COF. WPG Advisers LLC acquired a new position in Capital One Financial during the 1st quarter worth about $25,000. Saudi Central Bank purchased a new stake in Capital One Financial during the first quarter worth about $27,000. Beacon Capital Management LLC lifted its position in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares in the last quarter. Motco boosted its stake in shares of Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 137 shares during the period. Finally, Bogart Wealth LLC grew its holdings in shares of Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 243 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, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel directly owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Stock Down 0.3%

Shares of NYSE:COF traded down $0.76 during trading on Friday, hitting $223.59. 2,153,601 shares of the company were exchanged, compared to its average volume of 2,822,809. The firm's 50 day moving average price is $217.89 and its 200-day moving average price is $196.49. Capital One Financial Corporation has a 12-month low of $137.64 and a 12-month 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 stock has a market capitalization of $142.99 billion, a P/E ratio of 114.66, a PEG ratio of 0.87 and a beta of 1.17.

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

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio is 123.08%.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of recent research reports. Truist Financial upped their price objective on Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday. Wells Fargo & Company upped their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Keefe, Bruyette & Woods lifted their price objective on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Bank of America raised their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Capital One Financial presently has an average rating of "Moderate Buy" and an average price target of $239.44.

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.