Capital One Financial Corporation $COF Position Raised by SouthState Corp

SouthState Corp increased its position in Capital One Financial Corporation (NYSE:COF) by 45.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,053 shares of the financial services provider’s stock after acquiring an additional 1,891 shares during the period. SouthState Corp’s holdings in Capital One Financial were worth $1,288,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of COF. WPG Advisers LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC boosted its position in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC grew its holdings in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after buying an additional 101 shares in the last quarter. Saudi Central Bank bought a new position in Capital One Financial in the 1st quarter worth approximately $27,000. Finally, RMG Wealth Management LLC acquired a new stake in Capital One Financial in the 2nd quarter valued at approximately $27,000. 89.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Timothy P. Golden sold 207 shares of Capital One Financial 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 transaction, the chief accounting officer owned 8,780 shares in the company, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard D. Fairbank sold 103,487 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total value of $22,837,511.16. Following the sale, the chief executive officer owned 4,001,228 shares of the company’s stock, valued at $882,990,995.04. The trade was a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 216,642 shares of company stock worth $48,274,411 over the last quarter. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF opened at $216.90 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50 day moving average is $219.47 and its 200-day moving average is $209.07. 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 capitalization of $138.71 billion, a P/E ratio of 91.52, a P/E/G ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, topping the consensus estimate of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $15.06 billion. During the same period last year, the firm posted $4.51 earnings per share. The firm’s quarterly revenue was up 53.4% compared to the same quarter last year. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a dividend of $0.80 per share. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 101.27%.

Analyst Ratings Changes

COF has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Evercore ISI raised their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Wolfe Research upped their price target on shares of Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

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.