Welch & Forbes LLC Has $918,000 Holdings in Capital One Financial Corporation (NYSE:COF)

Welch & Forbes LLC lowered its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 26.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,119 shares of the financial services provider's stock after selling 1,885 shares during the period. Welch & Forbes LLC's holdings in Capital One Financial were worth $918,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in COF. Norges Bank bought a new stake in Capital One Financial during the 4th quarter valued at $590,279,000. Lone Pine Capital LLC bought a new stake in Capital One Financial during the 4th quarter valued at $577,012,000. FMR LLC raised its stake in Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after acquiring an additional 1,436,935 shares in the last quarter. Meritage Group LP bought a new stake in Capital One Financial during the 4th quarter valued at $227,662,000. Finally, Invesco Ltd. raised its stake in Capital One Financial by 38.7% during the 4th quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider's stock valued at $734,223,000 after acquiring an additional 1,148,443 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

COF has been the topic of several recent analyst reports. Truist Financial lifted their target price on Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, April 25th. BTIG Research raised Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective on the stock in a research note on Tuesday, March 25th. Royal Bank Of Canada set a $190.00 price objective on Capital One Financial and gave the stock a "sector perform" rating in a research note on Monday, April 14th. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Finally, Bank of America boosted their price objective on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $222.07.

Insider Buying and Selling at Capital One Financial

In other news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director owned 56,244 shares of the company's stock, valued at $11,175,682.80. This represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider directly owned 20,089 shares in the company, valued at approximately $4,005,746.60. This trade represents a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Up 0.1%

NYSE COF traded up $0.26 on Friday, reaching $218.26. The stock had a trading volume of 3,106,854 shares, compared to its average volume of 3,625,146. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $221.95. The business has a 50 day moving average price of $202.37 and a 200 day moving average price of $189.99. The company has a market capitalization of $83.62 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 0.90 and a beta of 1.15. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.31. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. On average, analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a dividend of $0.60 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.10%. Capital One Financial's dividend payout ratio (DPR) is presently 20.15%.

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.