Capital One Financial Co. (NYSE:COF) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp raised its stake in Capital One Financial Co. (NYSE:COF) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,743 shares of the financial services provider’s stock after acquiring an additional 931 shares during the quarter. Fifth Third Bancorp’s holdings in Capital One Financial were worth $2,457,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of COF. Silicon Valley Capital Partners acquired a new position in shares of Capital One Financial in the 1st quarter valued at $25,000. LRI Investments LLC acquired a new position in shares of Capital One Financial in the first quarter worth about $25,000. Hobbs Group Advisors LLC purchased a new stake in shares of Capital One Financial during the 2nd quarter worth about $29,000. Bartlett & CO. Wealth Management LLC grew its position in shares of Capital One Financial by 726.7% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 218 shares during the period. Finally, Rise Advisors LLC purchased a new position in shares of Capital One Financial in the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares in the company, valued at approximately $5,438,491.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now owns 73,734 shares in the company, valued at $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on COF shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a research report on Thursday, July 25th. Evercore ISI decreased their target price on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. BTIG Research assumed coverage on shares of Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $165.00 in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $145.89.

Capital One Financial Trading Down 1.3 %

Shares of COF traded down $1.79 during midday trading on Wednesday, reaching $139.72. The company had a trading volume of 1,386,511 shares, compared to its average volume of 2,503,883. Capital One Financial Co. has a 1-year low of $88.23 and a 1-year high of $153.35. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The firm has a 50 day simple moving average of $139.82 and a 200-day simple moving average of $139.78. The stock has a market cap of $53.12 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). The firm had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.52 earnings per share. Research analysts forecast that Capital One Financial Co. will post 13.17 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Monday, August 12th. Capital One Financial’s dividend payout ratio is presently 18.79%.

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.