Corient Private Wealth LP Makes New $98.02 Million Investment in Capital One Financial Corporation $COF

Corient Private Wealth LP purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 488,576 shares of the financial services provider’s stock, valued at approximately $98,018,000. Corient Private Wealth LP owned 0.08% of Capital One Financial as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Perennial Investment Advisors LLC purchased a new position in Capital One Financial during the second quarter worth about $343,000. Permanens Capital L.P. acquired a new position in Capital One Financial in the 2nd quarter valued at about $1,346,000. Point Break Capital Management LLC purchased a new stake in shares of Capital One Financial in the 2nd quarter valued at approximately $3,824,000. PointState Capital LP purchased a new stake in shares of Capital One Financial in the 2nd quarter valued at approximately $171,342,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $867,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on COF. Rothschild & Co Redburn reduced their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Piper Sandler began coverage on Capital One Financial in a research report on Monday, June 29th. They issued an “overweight” rating and a $254.00 price objective for the company. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. TD Cowen reduced their target price on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, Wolfe Research upped their price target on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $258.91.

Capital One Financial Price Performance

Shares of COF opened at $217.55 on Thursday. The firm has a 50-day simple moving average of $209.74 and a two-hundred day simple moving average of $197.92. The stock has a market cap of $133.46 billion, a PE ratio of 13.46, a P/E/G ratio of 0.79 and a beta of 1.02. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-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.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the prior year, the business posted $5.48 EPS. As a group, analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s payout ratio is presently 19.80%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the transaction, the insider directly owned 27,992 shares in the company, valued at $6,102,815.84. This represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the transaction, the general counsel owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 26,267 shares of company stock valued at $5,617,648 over the last ninety days. 0.78% of the stock is owned by insiders.

About Capital One Financial

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.