Griffin Asset Management Inc. acquired a new position in Capital One Financial Corporation (NYSE:COF – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,633 shares of the financial services provider’s stock, valued at approximately $3,113,000.
Several other institutional investors have also bought and sold shares of the stock. Kingstone Capital Partners Texas LLC lifted its holdings in Capital One Financial by 588,668.3% in the second 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 purchasing an additional 117,427,549 shares during the period. Vanguard Group Inc. lifted its holdings in Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock worth $5,782,590,000 after purchasing an additional 506,105 shares during the period. Bank of New York Mellon Corp lifted its holdings in Capital One Financial by 23.7% in the first 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 purchasing an additional 950,415 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $854,647,000 after purchasing an additional 734,939 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Capital One Financial by 45.1% in the first 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 purchasing an additional 1,454,595 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.
Wall Street Analyst Weigh In
COF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of Capital One Financial from $248.00 to $235.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Evercore ISI upped their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Royal Bank Of Canada upped 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 report on Wednesday, July 23rd. Barclays upped their price target on shares of Capital One Financial from $253.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Finally, Truist Financial upped their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.78.
Insiders Place Their Bets
In other news, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the transaction, the general counsel owned 98,486 shares in the company, valued at $20,878,047.14. This represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock worth $5,103,824 over the last quarter. Company insiders own 1.26% of the company’s stock.
Capital One Financial Price Performance
NYSE COF opened at $202.37 on Monday. The stock’s 50-day moving average price is $219.02 and its two-hundred day moving average price is $202.43. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $129.42 billion, a PE ratio of 103.78, a PEG ratio of 0.74 and a beta of 1.18. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45.
Capital One Financial (NYSE:COF – Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share 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 analyst estimates of $12.72 billion. Capital One Financial’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.14 EPS. On average, analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.
Capital One Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. Capital One Financial’s dividend payout ratio is currently 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.
See Also
- Five stocks we like better than Capital One Financial
- Basic Materials Stocks Investing
- Microsoft 365 Premium Marks the Next Phase of AI Monetization
- Investing in Construction Stocks
- Could Target’s Week of Discounts Come Full Circle for Investors?
- Are Penny Stocks a Good Fit for Your Portfolio?
- 3 Reasons to Buy Sprouts Farmers Market Ahead of Earnings
Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.