Ballentine Partners LLC Buys 5,706 Shares of Capital One Financial Corporation $COF

Ballentine Partners LLC grew its holdings in Capital One Financial Corporation (NYSE:COF) by 112.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,773 shares of the financial services provider’s stock after purchasing an additional 5,706 shares during the quarter. Ballentine Partners LLC’s holdings in Capital One Financial were worth $2,292,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. WPG Advisers LLC acquired a new stake in shares of Capital One Financial in the 1st quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in shares of Capital One Financial in the first quarter valued at approximately $27,000. Beacon Capital Management LLC raised its holdings in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 97 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Capital One Financial by 1,200.0% in the second quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 144 shares during the last quarter. Finally, Nova Wealth Management Inc. increased its holdings in Capital One Financial by 629.6% during the second quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider’s stock worth $42,000 after buying an additional 170 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Truist Financial boosted their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Barclays reissued an “overweight” rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Three 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 stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $239.44.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the firm’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 transaction, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction 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 sale, the general counsel owned 100,486 shares in the company, valued at $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock valued at $4,679,844 in the last 90 days. Insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

Shares of COF opened at $224.14 on Thursday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The business’s fifty day moving average is $219.08 and its 200 day moving average is $198.54. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a market cap of $143.34 billion, a P/E ratio of 114.95, a P/E/G ratio of 0.86 and a beta of 1.17.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the business earned $3.14 earnings per share. Capital One Financial’s revenue for the quarter was up 31.4% on a year-over-year basis. Sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is 123.08%.

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.