Avanza Fonder AB purchased a new stake in Capital One Financial Co. (NYSE:COF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 29,946 shares of the financial services provider's stock, valued at approximately $5,340,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Prossimo Advisors LLC lifted its position in Capital One Financial by 2.4% in the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider's stock valued at $410,000 after acquiring an additional 65 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Capital One Financial by 3.9% in the third quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider's stock valued at $266,000 after purchasing an additional 66 shares during the period. Baldwin Investment Management LLC increased its stake in Capital One Financial by 0.6% in the third quarter. Baldwin Investment Management LLC now owns 12,215 shares of the financial services provider's stock valued at $1,829,000 after purchasing an additional 70 shares during the period. Harbour Investments Inc. increased its stake in Capital One Financial by 0.7% in the third quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider's stock valued at $1,434,000 after purchasing an additional 71 shares during the period. Finally, Arvest Investments Inc. increased its stake in Capital One Financial by 1.2% in the third quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider's stock valued at $975,000 after purchasing an additional 75 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Capital One Financial
In related news, insider Mark Daniel Mouadeb sold 1,994 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the transaction, the insider now owns 19,776 shares of the company's stock, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kara West sold 721 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the transaction, the insider now directly owns 12,929 shares of the company's stock, valued at $2,388,374.17. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,256 shares of company stock valued at $2,462,487. Company insiders own 1.30% of the company's stock.
Capital One Financial Price Performance
Shares of NYSE COF traded up $2.72 on Friday, hitting $191.16. The company's stock had a trading volume of 3,723,831 shares, compared to its average volume of 1,937,967. Capital One Financial Co. has a 12-month low of $123.23 and a 12-month high of $198.30. The company has a market capitalization of $72.88 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a 50 day moving average of $183.82 and a 200-day moving average of $160.31.
Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the prior year, the firm earned $4.45 earnings per share. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, research analysts predict that Capital One Financial Co. will post 13.41 EPS for the current year.
Capital One Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial's payout ratio is 22.66%.
Analyst Upgrades and Downgrades
A number of research firms have commented on COF. Truist Financial began coverage on shares of Capital One Financial in a research note on Tuesday, January 7th. They issued a "buy" rating and a $229.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Hsbc Global Res upgraded shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a research note on Tuesday. Wells Fargo & Company boosted their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $188.06.
Read Our Latest Report on COF
About Capital One Financial
(
Free Report)
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.
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