Wilmington Savings Fund Society FSB Purchases 7,987 Shares of Capital One Financial Corporation $COF

Key Points

• Wilmington Savings Fund Society FSB increased its stake in Capital One Financial Corporation by 170.2%, acquiring an additional 7,987 shares and raising its total holdings to over $2.69 million.
• Several institutional investors, including Kingstone Capital Partners and Vanguard Group, significantly increased their holdings in Capital One Financial during the second quarter, reflecting strong investor interest.
• Capital One Financial reported earnings of $5.48 per share for the last quarter, surpassing analysts' estimates by $3.55, with a year-over-year revenue increase of 31.4%.

Wilmington Savings Fund Society FSB increased its position in shares of Capital One Financial Corporation (NYSE:COF) by 170.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,680 shares of the financial services provider's stock after acquiring an additional 7,987 shares during the period. Wilmington Savings Fund Society FSB's holdings in Capital One Financial were worth $2,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its holdings in Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock worth $24,988,129,000 after acquiring an additional 117,427,549 shares during the period. Vanguard Group Inc. increased its holdings in Capital One Financial by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock worth $5,782,590,000 after acquiring an additional 506,105 shares during the period. Bank of New York Mellon Corp increased its holdings in Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after acquiring an additional 950,415 shares during the period. Goldman Sachs Group Inc. grew its stake in Capital One Financial by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock worth $854,647,000 after buying an additional 734,939 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Capital One Financial by 45.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock worth $838,609,000 after buying an additional 1,454,595 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Insider Activity

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer owned 8,780 shares of the company's stock, valued at $1,891,299.80. This represents a 2.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction on 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 sale, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $214.98 on Thursday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The stock has a market capitalization of $137.48 billion, a price-to-earnings ratio of 110.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The company has a fifty day moving average of $219.04 and a 200-day moving average of $202.84. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

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

Capital One Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have commented on COF. Robert W. Baird boosted their price target on shares of Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday, October 2nd. Truist Financial boosted their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Morgan Stanley boosted their price target on shares of Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. Evercore ISI boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 30th. Finally, Wells Fargo & Company boosted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus target price of $252.78.

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.

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