Commonwealth Equity Services LLC raised its position in shares of Capital One Financial Corp. (NYSE:COF) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,042 shares of the financial services provider’s stock after purchasing an additional 2,976 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Capital One Financial were worth $7,192,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in COF. Oregon Public Employees Retirement Fund grew its stake in shares of Capital One Financial by 7,526.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,906,861 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 11,750,732 shares during the period. Norges Bank bought a new stake in shares of Capital One Financial during the 4th quarter valued at about $305,543,000. Epoch Investment Partners Inc. grew its stake in shares of Capital One Financial by 119.9% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,658,839 shares of the financial services provider’s stock valued at $125,392,000 after purchasing an additional 904,336 shares during the period. Millennium Management LLC grew its stake in shares of Capital One Financial by 66.6% during the 4th quarter. Millennium Management LLC now owns 2,072,827 shares of the financial services provider’s stock valued at $156,685,000 after purchasing an additional 828,766 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Capital One Financial by 11.7% during the 4th quarter. Northern Trust Corp now owns 6,227,214 shares of the financial services provider’s stock valued at $470,714,000 after purchasing an additional 650,126 shares during the period. Institutional investors and hedge funds own 88.72% of the company’s stock.
COF stock opened at $91.34 on Wednesday. Capital One Financial Corp. has a twelve month low of $69.90 and a twelve month high of $101.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a market cap of $42.39 billion, a PE ratio of 8.40, a P/E/G ratio of 0.90 and a beta of 1.27.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.75%. Capital One Financial’s payout ratio is currently 14.71%.
In related news, insider Jory A. Berson sold 13,393 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $1,205,370.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kleber Santos sold 2,928 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $84.54, for a total value of $247,533.12. Following the completion of the transaction, the insider now directly owns 19,454 shares in the company, valued at $1,644,641.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,321 shares of company stock worth $1,796,823. Insiders own 1.43% of the company’s stock.
A number of research firms have issued reports on COF. Royal Bank of Canada restated a “sector perform” rating and set a $98.00 price target on shares of Capital One Financial in a research note on Friday, May 3rd. Zacks Investment Research downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $95.00 to $115.00 in a research note on Tuesday, May 14th. Finally, ValuEngine upgraded Capital One Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. Capital One Financial currently has an average rating of “Buy” and a consensus target price of $104.35.
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Capital One Financial Company Profile
Capital One Financial Corporation operates as the bank 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, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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