Capital One Financial Corporation $COF Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its position in shares of Capital One Financial Corporation (NYSE:COF) by 19.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 436,782 shares of the financial services provider’s stock after purchasing an additional 70,335 shares during the quarter. Mackenzie Financial Corp owned approximately 0.07% of Capital One Financial worth $92,930,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of Capital One Financial by 4.4% in the first quarter. Foundations Investment Advisors LLC now owns 2,127 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 90 shares during the period. Vestcor Inc boosted its holdings in shares of Capital One Financial by 10.9% in the first quarter. Vestcor Inc now owns 7,580 shares of the financial services provider’s stock valued at $1,359,000 after acquiring an additional 746 shares during the period. Natixis Advisors LLC grew its position in shares of Capital One Financial by 4.8% during the first quarter. Natixis Advisors LLC now owns 164,448 shares of the financial services provider’s stock worth $29,486,000 after acquiring an additional 7,458 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Capital One Financial in the 1st quarter valued at $236,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total value of $438,820.00. Following the completion of the sale, the general counsel owned 96,486 shares of the company’s stock, valued at approximately $21,169,993.26. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank G. LapradeIii sold 17,840 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the transaction, the insider directly owned 48,315 shares in the company, valued at approximately $10,727,379.45. This trade represents a 26.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 274,013 shares of company stock worth $61,045,903. 1.26% of the stock is owned by insiders.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $218.09 on Friday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The company has a 50-day moving average price of $215.56 and a 200 day moving average price of $212.39. The company has a market cap of $138.65 billion, a P/E ratio of 92.02, a PEG ratio of 0.70 and a beta of 1.19. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The company had revenue of $15.46 billion for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. Research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a $0.80 dividend. The ex-dividend date is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 135.02%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Truist Financial increased their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Wolfe Research raised their price target on Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Cowen restated a “buy” rating on shares of Capital One Financial in a research report on Wednesday. Finally, Barclays increased their price objective on Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

About Capital One Financial

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.