Wellington Management Group LLP Grows Stock Holdings in Capital One Financial Corporation $COF

Wellington Management Group LLP lifted its position in Capital One Financial Corporation (NYSE:COF) by 36.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,108,112 shares of the financial services provider’s stock after purchasing an additional 1,887,497 shares during the quarter. Wellington Management Group LLP’s holdings in Capital One Financial were worth $1,426,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. First Command Advisory Services Inc. lifted its position in Capital One Financial by 4.5% in the 4th quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock worth $259,000 after buying an additional 46 shares during the last quarter. Dogwood Wealth Management LLC raised its stake in shares of Capital One Financial by 26.0% during the fourth quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 47 shares in the last quarter. High Note Wealth LLC raised its stake in shares of Capital One Financial by 44.9% during the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 48 shares in the last quarter. Fiducient Advisors LLC lifted its holdings in shares of Capital One Financial by 4.2% in the 4th quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 48 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. boosted its stake in shares of Capital One Financial by 5.0% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 50 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COF has been the topic of several recent research reports. Citigroup reduced their target price on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. UBS Group boosted their price target on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a research report on Thursday, August 20th. BTIG Research raised their price objective on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Twenty-one analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus target price of $258.91.

Capital One Financial Stock Performance

NYSE:COF opened at $215.81 on Friday. The firm has a market cap of $132.40 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The business has a 50 day moving average price of $210.32 and a 200-day moving average price of $198.00.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter last year, the business earned $5.48 earnings per share. The business’s revenue was up 26.9% on a year-over-year basis. Equities research analysts predict that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio is presently 19.80%.

Insiders Place Their Bets

In other news, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the transaction, the insider directly owned 63,261 shares of the company’s stock, valued at approximately $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,888 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $425,781.76. Following the sale, the insider owned 59,708 shares of the company’s stock, valued at approximately $13,465,348.16. This represents a 3.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 26,267 shares of company stock worth $5,617,648. 0.78% of the stock is currently owned by insiders.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.