Revolve Wealth Partners LLC acquired a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,773 shares of the financial services provider’s stock, valued at approximately $377,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its holdings in Capital One Financial by 588,668.3% in the second 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 purchasing an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. raised its holdings in Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock worth $5,782,590,000 after purchasing an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Capital One Financial by 23.7% in 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 in the last quarter. Goldman Sachs Group Inc. raised its holdings in Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $854,647,000 after purchasing an additional 734,939 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Capital One Financial by 45.1% in 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 worth $838,609,000 after acquiring an additional 1,454,595 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.
Insiders Place Their Bets
In related news, CAO Timothy P. Golden sold 207 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is currently owned by corporate insiders.
Capital One Financial Trading Up 2.5%
Capital One Financial (NYSE:COF – Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. During the same period last year, the business earned $3.14 earnings per share. The company’s quarterly revenue was up 31.4% on a year-over-year basis. On average, sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.
Capital One Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. Capital One Financial’s dividend payout ratio (DPR) is 123.08%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Barclays increased their target price on Capital One Financial from $253.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Royal Bank Of Canada increased 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. HSBC set a $218.00 target price on Capital One Financial and gave the stock a “hold” rating in a research note on Friday. Morgan Stanley increased their target price on Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, Wells Fargo & Company increased their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.78.
View Our Latest Stock Report on COF
Capital One Financial 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.
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