Envestnet Asset Management Inc. Boosts Holdings in Capital One Financial Co. (NYSE:COF)

Posted by Defense World Staff on Aug 30th, 2023

Envestnet Asset Management Inc. increased its holdings in Capital One Financial Co. (NYSE:COF – Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 417,665 shares of the financial services provider’s stock after acquiring an additional 11,184 shares during the period. Envestnet Asset Management Inc. owned approximately 0.11% of Capital One Financial worth $35,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Grey Fox Wealth Advisors LLC grew its holdings in shares of Capital One Financial by 75.6% during the 1st quarter. Grey Fox Wealth Advisors LLC now owns 295 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 127 shares during the period. MV Capital Management Inc. raised its stake in shares of Capital One Financial by 122.2% in the 1st quarter. MV Capital Management Inc. now owns 300 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 165 shares during the period. America First Investment Advisors LLC acquired a new position in shares of Capital One Financial in the 1st quarter worth approximately $31,000. Column Capital Advisors LLC boosted its position in shares of Capital One Financial by 73.5% during the 1st quarter. Column Capital Advisors LLC now owns 354 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 150 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in Capital One Financial in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 88.73% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $103.54 on Wednesday. The stock’s 50-day simple moving average is $110.09 and its 200-day simple moving average is $103.69. The firm has a market capitalization of $39.49 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 1.95 and a beta of 1.46. Capital One Financial Co. has a fifty-two week low of $83.93 and a fifty-two week high of $123.09. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 0.99.

Capital One Financial (NYSE:COF – Get Free Report) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.21. Capital One Financial had a net margin of 11.94% and a return on equity of 9.72%. The business had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $9.13 billion. During the same quarter in the previous year, the firm earned $4.96 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts forecast that Capital One Financial Co. will post 11.62 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, August 4th. Capital One Financial’s payout ratio is currently 18.38%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Jefferies Financial Group upped their price target on Capital One Financial from $100.00 to $110.00 in a research note on Tuesday, July 11th. Wells Fargo & Company raised their target price on Capital One Financial from $110.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, July 21st. Stephens increased their price target on shares of Capital One Financial from $80.00 to $87.00 in a research report on Friday, July 21st. Bank of America lifted their price objective on shares of Capital One Financial from $109.00 to $116.00 in a report on Tuesday, June 6th. Finally, Piper Sandler increased their target price on shares of Capital One Financial from $112.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $109.09.

View Our Latest Research Report on COF

Insider Buying and Selling

In other Capital One Financial news, CEO Richard D. Fairbank sold 3,891 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $109.48, for a total value of $425,986.68. Following the completion of the sale, the chief executive officer now owns 3,848,406 shares in the company, valued at $421,323,488.88. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Capital One Financial news, insider Robert M. Alexander sold 3,784 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $114.74, for a total transaction of $434,176.16. Following the completion of the sale, the insider now directly owns 75,038 shares of the company’s stock, valued at approximately $8,609,860.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard D. Fairbank sold 3,891 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $109.48, for a total value of $425,986.68. Following the completion of the transaction, the chief executive officer now directly owns 3,848,406 shares in the company, valued at approximately $421,323,488.88. The disclosure for this sale can be found here. Insiders have sold 34,755 shares of company stock worth $3,954,300 in the last quarter. 1.27% of the stock is owned by insiders.

About Capital One Financial

(Free Report)

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.