First Horizon Advisors Inc. Grows Stock Position in Capital One Financial Corporation $COF

First Horizon Advisors Inc. lifted its stake in Capital One Financial Corporation (NYSE:COF) by 108.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,970 shares of the financial services provider’s stock after buying an additional 5,715 shares during the quarter. First Horizon Advisors Inc.’s holdings in Capital One Financial were worth $2,334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COF. Kingstone Capital Partners Texas LLC boosted its position in Capital One Financial by 588,668.3% in 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 purchasing an additional 117,427,549 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new position in shares of Capital One Financial during the 1st quarter valued at approximately $381,848,000. Bank of New York Mellon Corp lifted its stake in shares of Capital One Financial by 41.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock valued at $1,491,676,000 after purchasing an additional 2,050,010 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of 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 valued at $838,609,000 after purchasing an additional 1,454,595 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Capital One Financial by 134.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,585,192 shares of the financial services provider’s stock worth $337,265,000 after buying an additional 907,803 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on COF shares. The Goldman Sachs Group lifted their price objective on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Evercore ISI lifted their price target on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Wells Fargo & Company upped their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Morgan Stanley raised their price objective on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Insider Transactions at Capital One Financial

In related news, CAO Timothy P. Golden sold 207 shares of the company’s stock in a transaction dated 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 approximately $1,891,299.80. This represents a 2.30% 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, CEO Richard D. Fairbank sold 103,486 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $225.68, for a total transaction of $23,354,720.48. Following the completion of the sale, the chief executive officer owned 4,051,228 shares of the company’s stock, valued at approximately $914,281,135.04. The trade was a 2.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 111,155 shares of company stock valued at $24,998,080 over the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Price Performance

NYSE:COF opened at $221.45 on Thursday. The stock has a 50 day moving average of $219.68 and a two-hundred day moving average of $209.01. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The firm has a market cap of $141.62 billion, a P/E ratio of 93.44, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The firm had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. During the same period in the previous year, the company posted $4.51 earnings per share. The business’s revenue was up 53.4% on a year-over-year basis. On average, analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. Capital One Financial’s payout ratio is currently 101.27%.

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.