Sustainable Insight Capital Management LLC bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 10,101 shares of the financial services provider’s stock, valued at approximately $2,149,000. Capital One Financial comprises approximately 1.0% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 28th largest position.
Several other hedge funds have also bought and sold shares of COF. WPG Advisers LLC bought a new stake in shares of Capital One Financial in the first quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC grew its holdings in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares in the last quarter. Olistico Wealth LLC grew its holdings in Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after buying an additional 101 shares in the last quarter. Saudi Central Bank bought a new stake in Capital One Financial in the 1st quarter worth approximately $27,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.
Capital One Financial Trading Down 2.0%
NYSE COF opened at $216.90 on Friday. The company’s 50-day moving average price is $219.47 and its 200-day moving average price is $209.07. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The stock has a market cap of $138.71 billion, a PE ratio of 91.52, a PEG ratio of 0.70 and a beta of 1.19.
Capital One Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be issued a $0.80 dividend. The ex-dividend date is Monday, November 17th. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is presently 101.27%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on COF shares. Robert W. Baird raised their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. TD Cowen increased their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group lifted their price target on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Wolfe Research boosted their target price on Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.
Get Our Latest Stock Analysis on COF
Insider Buying and Selling
In other Capital One Financial news, CEO Richard D. Fairbank sold 103,487 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the transaction, the chief executive officer directly owned 4,001,228 shares in the company, valued at $882,990,995.04. This represents a 2.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 216,642 shares of company stock valued at $48,274,411 over the last three months. 1.26% of the stock is owned by company insiders.
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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