Citizens Financial Group Inc. RI Acquires 29,578 Shares of Capital One Financial Corporation $COF

Citizens Financial Group Inc. RI boosted its holdings in Capital One Financial Corporation (NYSE:COF) by 140.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 50,682 shares of the financial services provider’s stock after purchasing an additional 29,578 shares during the period. Citizens Financial Group Inc. RI’s holdings in Capital One Financial were worth $10,168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of COF. Evolution Wealth Management Inc. boosted its holdings in Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 90 shares during the period. VSM Wealth Advisory LLC purchased a new position in Capital One Financial in the 4th quarter worth approximately $27,000. Cherry Tree Wealth Management LLC lifted its position in Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Ballast Advisors LLC purchased a new stake in shares of Capital One Financial during the first quarter valued at approximately $27,000. Finally, Strive Asset Management LLC bought a new position in shares of Capital One Financial in the third quarter worth approximately $28,000. 89.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the transaction, the chief accounting officer owned 7,429 shares in the company, valued at $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Zamsky sold 5,473 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the transaction, the insider directly owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,186 shares of company stock valued at $4,697,301 over the last quarter. Corporate insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Citigroup cut their target price on Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. UBS Group upped their price target on Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Argus cut their price objective on Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, Weiss Ratings raised Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Twenty-one analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $259.36.

Capital One Financial Trading Down 2.5%

NYSE:COF opened at $221.77 on Tuesday. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50-day simple moving average is $205.76 and its 200 day simple moving average is $198.08. The firm has a market capitalization of $136.05 billion, a P/E ratio of 13.72, a PEG ratio of 0.84 and a beta of 1.02.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm posted $5.48 earnings per share. As a group, analysts forecast that Capital One Financial Corporation will post 20.19 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.