Saudi Central Bank Takes $27,000 Position in Capital One Financial Corporation $COF

Saudi Central Bank acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the 1st quarter, Holdings Channel reports. The firm acquired 150 shares of the financial services provider’s stock, valued at approximately $27,000.

Several other hedge funds also recently modified their holdings of the stock. Junto Capital Management LP increased its stake in shares of Capital One Financial by 7.4% in the 1st quarter. Junto Capital Management LP now owns 853,359 shares of the financial services provider’s stock valued at $153,007,000 after acquiring an additional 58,814 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Capital One Financial by 13,427.0% in the 1st quarter. Panagora Asset Management Inc. now owns 382,948 shares of the financial services provider’s stock valued at $68,663,000 after acquiring an additional 380,117 shares in the last quarter. Vident Advisory LLC increased its stake in shares of Capital One Financial by 53.8% in the 1st quarter. Vident Advisory LLC now owns 8,090 shares of the financial services provider’s stock valued at $1,451,000 after acquiring an additional 2,829 shares in the last quarter. Kodai Capital Management LP increased its stake in shares of Capital One Financial by 34.0% in the 1st quarter. Kodai Capital Management LP now owns 48,794 shares of the financial services provider’s stock valued at $8,749,000 after acquiring an additional 12,382 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of Capital One Financial by 3.2% in the 1st quarter. Evergreen Capital Management LLC now owns 4,544 shares of the financial services provider’s stock valued at $815,000 after acquiring an additional 141 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Redburn Atlantic upgraded shares of Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Royal Bank Of Canada boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Finally, Bank of America boosted their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Three equities 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $238.81.

Capital One Financial Stock Performance

NYSE COF opened at $227.43 on Monday. 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 firm has a market cap of $145.44 billion, a price-to-earnings ratio of 116.63, a PEG ratio of 0.89 and a beta of 1.17. The company has a fifty day moving average price of $215.76 and a 200-day moving average price of $194.93.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the company earned $3.14 EPS. The business’s revenue was up 31.4% compared to the same quarter last year. As a group, equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced 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 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%.

Insider Transactions at Capital One Financial

In other news, CAO Timothy P. Golden sold 207 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer owned 8,780 shares in the company, valued at $1,891,299.80. This represents a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,298 shares of company stock worth $4,233,044 in the last quarter. 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.