Capital One Financial Corporation $COF Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 290.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,222 shares of the financial services provider’s stock after purchasing an additional 26,940 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Capital One Financial were worth $7,707,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. WPG Advisers LLC acquired a new stake in Capital One Financial in the first quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC grew its position in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after buying an additional 62 shares in the last quarter. Olistico Wealth LLC grew its position in shares of Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after buying an additional 101 shares in the last quarter. Saudi Central Bank bought a new position in Capital One Financial during the first quarter worth $27,000. Finally, RMG Wealth Management LLC bought a new position in Capital One Financial during the second quarter worth $27,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on COF. Evercore ISI raised their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Redburn Atlantic upgraded shares of Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Morgan Stanley lifted their target price on Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Finally, The Goldman Sachs Group lowered their target price on Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $252.78.

Capital One Financial Trading Up 3.1%

Shares of COF opened at $214.08 on Wednesday. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The stock has a market capitalization of $136.91 billion, a P/E ratio of 109.78, a P/E/G ratio of 0.76 and a beta of 1.18. 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 business’s 50-day moving average price is $219.00 and its 200 day moving average price is $202.75.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the previous year, the business posted $3.14 earnings per share. The company’s revenue was up 31.4% compared to the same quarter last year. Analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed 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 was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is presently 123.08%.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the firm’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 sale, the insider owned 68,707 shares of the company’s stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is owned by insiders.

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.