Veriti Management LLC grew its position in Capital One Financial Co. (NYSE:COF) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,088 shares of the financial services provider's stock after purchasing an additional 451 shares during the quarter. Veriti Management LLC's holdings in Capital One Financial were worth $1,051,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in shares of Capital One Financial by 2.2% in the first quarter. State Street Corp now owns 20,463,407 shares of the financial services provider's stock valued at $2,686,641,000 after purchasing an additional 432,244 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Capital One Financial by 4.7% in the first quarter. JPMorgan Chase & Co. now owns 13,126,745 shares of the financial services provider's stock valued at $1,723,410,000 after buying an additional 586,997 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Capital One Financial by 18.9% in the first quarter. Fisher Asset Management LLC now owns 6,941,839 shares of the financial services provider's stock valued at $911,394,000 after buying an additional 1,105,809 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Capital One Financial by 1.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,413,955 shares of the financial services provider's stock valued at $710,798,000 after buying an additional 95,770 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Capital One Financial by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,773,043 shares of the financial services provider's stock valued at $495,455,000 after buying an additional 70,921 shares during the period. Institutional investors and hedge funds own 88.44% of the company's stock.
Get Capital One Financial alerts:Wall Street Analyst Weigh In
Several brokerages recently issued reports on COF. Wells Fargo & Company cut their price target on Capital One Financial from $160.00 to $130.00 and set an "overweight" rating for the company in a research note on Wednesday, July 13th. Morgan Stanley cut their price target on Capital One Financial from $126.00 to $121.00 and set an "equal weight" rating for the company in a research note on Friday, July 22nd. Piper Sandler cut their target price on Capital One Financial from $125.00 to $110.00 and set a "neutral" rating for the company in a research note on Monday. Barclays cut their target price on Capital One Financial from $207.00 to $170.00 and set an "overweight" rating for the company in a research note on Friday, July 22nd. Finally, Keefe, Bruyette & Woods cut their target price on Capital One Financial from $200.00 to $171.00 in a research note on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Capital One Financial has an average rating of "Moderate Buy" and a consensus target price of $155.93.
Capital One Financial Stock Performance
NYSE COF opened at $91.30 on Tuesday. The company has a market capitalization of $35.04 billion, a price-to-earnings ratio of 4.01, a PEG ratio of 0.24 and a beta of 1.42. Capital One Financial Co. has a twelve month low of $90.85 and a twelve month high of $174.65. The stock has a fifty day simple moving average of $107.36 and a 200 day simple moving average of $117.12. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.10.Capital One Financial (NYSE:COF – Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $4.96 earnings per share for the quarter, missing analysts' consensus estimates of $5.13 by ($0.17). The company had revenue of $8.23 billion during the quarter, compared to analyst estimates of $8.28 billion. Capital One Financial had a net margin of 29.23% and a return on equity of 17.07%. During the same quarter in the previous year, the company earned $7.71 earnings per share. Sell-side analysts expect that Capital One Financial Co. will post 20.09 EPS for the current year.
Capital One Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, August 8th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $2.40 dividend on an annualized basis and a yield of 2.63%. Capital One Financial's payout ratio is 10.54%.
Insiders Place Their Bets
In other Capital One Financial news, insider Kara West sold 2,778 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $109.67, for a total transaction of $304,663.26. Following the completion of the sale, the insider now directly owns 8,344 shares in the company, valued at approximately $915,086.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Capital One Financial news, insider Timothy P. Golden sold 322 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $108.85, for a total transaction of $35,049.70. Following the completion of the sale, the insider now directly owns 11,392 shares in the company, valued at approximately $1,240,019.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kara West sold 2,778 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $109.67, for a total value of $304,663.26. Following the sale, the insider now owns 8,344 shares of the company's stock, valued at $915,086.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,928 shares of company stock worth $8,506,721. Company insiders own 1.27% of the company's stock.
Capital One Financial Company Profile
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Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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.
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