ProShare Advisors LLC increased its holdings in shares of Capital One Financial Co. (NYSE:COF – Free Report) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,543 shares of the financial services provider’s stock after acquiring an additional 8,704 shares during the quarter. ProShare Advisors LLC’s holdings in Capital One Financial were worth $9,764,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Empower Advisory Group LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth approximately $342,000. Brandywine Global Investment Management LLC increased its holdings in shares of Capital One Financial by 40.8% during the 1st quarter. Brandywine Global Investment Management LLC now owns 370,100 shares of the financial services provider’s stock worth $35,589,000 after acquiring an additional 107,329 shares during the last quarter. Old North State Trust LLC increased its holdings in shares of Capital One Financial by 31.6% during the 1st quarter. Old North State Trust LLC now owns 1,041 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 250 shares during the last quarter. Toroso Investments LLC grew its holdings in Capital One Financial by 21.0% in the 1st quarter. Toroso Investments LLC now owns 28,709 shares of the financial services provider’s stock valued at $2,761,000 after buying an additional 4,979 shares in the last quarter. Finally, Putnam Investments LLC grew its holdings in Capital One Financial by 0.4% in the 1st quarter. Putnam Investments LLC now owns 2,617,888 shares of the financial services provider’s stock valued at $251,736,000 after buying an additional 9,415 shares in the last quarter. 90.09% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
COF has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price objective on Capital One Financial from $102.00 to $112.00 in a report on Monday, June 26th. Jefferies Financial Group upped their price objective on Capital One Financial from $100.00 to $110.00 in a report on Tuesday, July 11th. Bank of America upped their price objective on Capital One Financial from $109.00 to $116.00 in a report on Tuesday, June 6th. StockNews.com initiated coverage on Capital One Financial in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Citigroup upped their price objective on Capital One Financial from $124.00 to $130.00 and gave the company a “buy” rating in a report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $109.09.
Insider Buying and Selling at Capital One Financial
In other news, insider Mark Daniel Mouadeb sold 903 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $115.00, for a total value of $103,845.00. Following the transaction, the insider now owns 15,493 shares in the company, valued at $1,781,695. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Mark Daniel Mouadeb sold 903 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $115.00, for a total value of $103,845.00. Following the transaction, the insider now owns 15,493 shares in the company, valued at $1,781,695. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard D. Fairbank sold 3,891 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $117.34, for a total value of $456,569.94. Following the completion of the transaction, the chief executive officer now owns 3,848,406 shares in the company, valued at approximately $451,571,960.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,286 shares of company stock valued at $3,902,710. Company insiders own 1.27% of the company’s stock.
Capital One Financial Trading Up 2.2 %
NYSE COF opened at $104.46 on Friday. The business has a 50 day simple moving average of $108.33 and a 200 day simple moving average of $102.88. Capital One Financial Co. has a one year low of $83.93 and a one year high of $123.09. The stock has a market capitalization of $39.85 billion, a P/E ratio of 8.00, a P/E/G ratio of 1.95 and a beta of 1.47. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.99 and a quick ratio of 0.99.
Capital One Financial (NYSE:COF – Get Free Report) last released its earnings results on Thursday, July 20th. The financial services provider reported $3.52 EPS for the quarter, topping the consensus estimate of $3.31 by $0.21. Capital One Financial had a return on equity of 9.72% and a net margin of 11.94%. The business had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $9.13 billion. During the same quarter last year, the firm posted $4.96 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. Research analysts expect that Capital One Financial Co. will post 11.56 earnings per share for the current year.
Capital One Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.30%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.38%.
About Capital One Financial
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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