Prime Capital Investment Advisors LLC Buys 1,071 Shares of Capital One Financial Corporation $COF

Prime Capital Investment Advisors LLC lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 15.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,999 shares of the financial services provider’s stock after purchasing an additional 1,071 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Capital One Financial were worth $1,702,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC grew its stake in shares of Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after acquiring an additional 117,427,549 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in Capital One Financial in the 1st quarter valued at about $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Capital One Financial by 45.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock valued at $838,609,000 after purchasing an additional 1,454,595 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Capital One Financial by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock worth $889,519,000 after purchasing an additional 950,415 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Capital One Financial in the first quarter worth about $141,599,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Truist Financial upped their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Evercore ISI boosted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. The Goldman Sachs Group decreased their price objective on Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Finally, Royal Bank Of Canada raised their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $250.44.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $211.79 on Thursday. The company’s fifty day moving average price is $219.22 and its 200-day moving average price is $201.77. The firm has a market capitalization of $135.44 billion, a price-to-earnings ratio of 108.61, a PEG ratio of 0.79 and a beta of 1.18. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. During the same quarter in the previous year, the business earned $3.14 EPS. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial’s payout ratio is presently 123.08%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock worth $5,103,824 in the last three months. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Company Profile

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.