Capital One Financial Corporation $COF Shares Acquired by Empirical Finance LLC

Empirical Finance LLC raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 69.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,940 shares of the financial services provider’s stock after purchasing an additional 9,384 shares during the quarter. Empirical Finance LLC’s holdings in Capital One Financial were worth $4,881,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of COF. Brighton Jones LLC grew its position in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares in the last quarter. Private Advisor Group LLC boosted its stake in Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock valued at $1,776,000 after acquiring an additional 1,312 shares during the last quarter. IFP Advisors Inc grew its holdings in Capital One Financial by 12.8% during the 1st quarter. IFP Advisors Inc now owns 2,710 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 307 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Capital One Financial by 162.1% in the 1st quarter. J.W. Cole Advisors Inc. now owns 6,320 shares of the financial services provider’s stock worth $1,133,000 after purchasing an additional 3,909 shares during the last quarter. Finally, Wealth Alliance LLC increased its position in shares of Capital One Financial by 11.5% in the 1st quarter. Wealth Alliance LLC now owns 1,675 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 173 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 0.2%

Shares of Capital One Financial stock opened at $200.61 on Wednesday. The stock has a market capitalization of $127.53 billion, a price-to-earnings ratio of 84.64, a PEG ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The business’s 50 day simple moving average is $217.89 and its 200-day simple moving average is $211.42.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The firm had revenue of $15.46 billion during the quarter. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be issued a $0.80 dividend. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio is 135.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD Cowen increased their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Truist Financial lifted their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Royal Bank Of Canada upped their price target on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. Finally, Robert W. Baird raised their price objective on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Insider Activity

In other Capital One Financial news, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the completion of the transaction, the chief executive officer directly owned 4,001,228 shares of the company’s stock, valued at $882,990,995.04. The trade was a 2.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Frank G. LapradeIii sold 17,840 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the completion of the transaction, the insider owned 48,315 shares of the company’s stock, valued at approximately $10,727,379.45. This trade represents a 26.97% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 274,013 shares of company stock valued at $61,045,903. 1.26% of the stock is owned by company 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.