Symphony Financial Ltd. Co. Purchases New Shares in Capital One Financial Corporation $COF

Symphony Financial Ltd. Co. purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 177,929 shares of the financial services provider’s stock, valued at approximately $37,858,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 10,428 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of Capital One Financial by 29.9% during the first quarter. Edgestream Partners L.P. now owns 4,609 shares of the financial services provider’s stock worth $826,000 after purchasing an additional 1,060 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Capital One Financial by 12.8% during the first quarter. Kingsview Wealth Management LLC now owns 9,353 shares of the financial services provider’s stock worth $1,677,000 after purchasing an additional 1,065 shares during the period. Private Advisor Group LLC grew its position in Capital One Financial by 15.3% in 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 buying an additional 1,312 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in Capital One Financial by 12.8% in the 1st quarter. IFP Advisors Inc now owns 2,710 shares of the financial services provider’s stock valued at $486,000 after buying an additional 307 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Down 2.8%

COF opened at $210.74 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $133.97 billion, a price-to-earnings ratio of 88.92, a PEG ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The business’s fifty day moving average is $218.70 and its two-hundred day moving average is $211.18.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The business had revenue of $15.46 billion during the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. Analysts anticipate that Capital One Financial Corporation will post 15.65 EPS 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. Shareholders of record on Monday, November 17th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, November 17th. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 135.02%.

Analysts Set New Price Targets

Several research firms have recently commented on COF. Truist Financial raised their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Wells Fargo & Company lifted their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Citigroup boosted their target price on Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Morgan Stanley raised their price target 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, Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $261.63.

Insider Buying and Selling at Capital One Financial

In other news, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the transaction, the insider directly owned 73,020 shares of the company’s stock, valued at $16,198,026.60. This trade represents a 37.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard D. Fairbank sold 103,487 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the completion of the sale, the chief executive officer directly owned 4,001,228 shares in the company, valued at approximately $882,990,995.04. The trade was a 2.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 256,380 shares of company stock worth $57,129,478 over the last ninety days. 1.26% of the stock is currently 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.