State Street Corp Increases Stock Position in Capital One Financial Corporation $COF

State Street Corp increased its position in shares of Capital One Financial Corporation (NYSE:COF) by 107.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,278,732 shares of the financial services provider’s stock after buying an additional 29,724,829 shares during the quarter. State Street Corp owned about 0.09% of Capital One Financial worth $11,491,259,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of COF. Security National Bank of SO Dak purchased a new position in Capital One Financial in the 2nd quarter valued at $118,000. SkyView Investment Advisors LLC acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at approximately $150,000. Junto Capital Management LP grew its holdings in Capital One Financial by 30.0% during the second quarter. Junto Capital Management LP now owns 294,794 shares of the financial services provider’s stock worth $59,142,000 after acquiring an additional 68,036 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Capital One Financial by 12.8% in the second quarter. Sequoia Financial Advisors LLC now owns 25,766 shares of the financial services provider’s stock valued at $5,169,000 after acquiring an additional 2,917 shares during the period. Finally, Van Hulzen Asset Management LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at about $202,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on COF shares. Piper Sandler assumed coverage on Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 price objective for the company. Wolfe Research increased their target price on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Barclays decreased their price objective on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $258.91.

Insider Activity

In related news, insider Lia Dean sold 2,066 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total value of $425,740.62. Following the sale, the insider directly owned 61,195 shares of the company’s stock, valued at approximately $12,610,453.65. This trade represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the sale, the insider directly owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 33,850 shares of company stock valued at $7,208,382 in the last 90 days. Insiders own 0.78% of the company’s stock.

Capital One Financial Stock Down 1.8%

NYSE:COF traded down $3.76 during trading hours on Tuesday, reaching $201.16. The company’s stock had a trading volume of 1,187,978 shares, compared to its average volume of 4,721,146. The stock has a 50 day moving average price of $213.07 and a two-hundred day moving average price of $198.50. The company has a market capitalization of $123.41 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 0.75 and a beta of 1.02. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter last year, the firm earned $5.48 earnings per share. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. Equities analysts predict that Capital One Financial Corporation will post 20.3 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s dividend payout ratio is presently 19.80%.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.