Capital Research Global Investors Purchases 302,733 Shares of Capital One Financial Corporation $COF

Capital Research Global Investors increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,426,060 shares of the financial services provider’s stock after purchasing an additional 302,733 shares during the quarter. Capital Research Global Investors owned approximately 1.33% of Capital One Financial worth $1,791,264,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Howard Hughes Medical Institute bought a new position in shares of Capital One Financial during the 2nd quarter worth approximately $29,000. WFA of San Diego LLC bought a new position in Capital One Financial during the second quarter valued at about $32,000. Crowley Wealth Management Inc. bought a new position in shares of Capital One Financial during the 3rd quarter worth $33,000. Wolff Wiese Magana LLC raised its holdings in Capital One Financial by 41.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 57 shares during the period. Finally, Bell Investment Advisors Inc lifted its stake in Capital One Financial by 86.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 1.3%

NYSE COF opened at $185.25 on Tuesday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. The stock has a market cap of $115.21 billion, a PE ratio of 62.58, a PEG ratio of 0.56 and a beta of 1.14. The company’s 50-day moving average price is $220.67 and its 200-day moving average price is $222.02. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same quarter in the previous year, the business earned $2.67 EPS. Capital One Financial’s revenue for the quarter was up 53.3% compared to the same quarter last year. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Insider Activity

In other Capital One Financial news, insider Lia Dean sold 3,284 shares of Capital One Financial stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total transaction of $734,565.12. Following the sale, the insider owned 70,162 shares of the company’s stock, valued at $15,693,836.16. The trade was a 4.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Celia Karam sold 2,108 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $218.25, for a total value of $460,071.00. Following the transaction, the insider directly owned 59,269 shares in the company, valued at $12,935,459.25. This trade represents a 3.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 67,933 shares of company stock valued at $14,363,897 in the last three months. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on COF shares. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Truist Financial dropped their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Capital One Financial in a research note on Tuesday, January 6th. Morgan Stanley raised their price objective on shares of Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Zacks Research downgraded Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and an average target price of $274.70.

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.