HighTower Advisors LLC Acquires 5,944 Shares of Capital One Financial Corporation $COF

HighTower Advisors LLC raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 1.6% during the second quarter, HoldingsChannel reports. The firm owned 382,910 shares of the financial services provider’s stock after purchasing an additional 5,944 shares during the period. HighTower Advisors LLC’s holdings in Capital One Financial were worth $76,819,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of COF. BLB&B Advisors LLC boosted its stake in shares of Capital One Financial by 5.5% during the second quarter. BLB&B Advisors LLC now owns 52,480 shares of the financial services provider’s stock valued at $10,529,000 after purchasing an additional 2,719 shares in the last quarter. Convergence Financial LLC bought a new position in Capital One Financial in the second quarter worth approximately $300,000. TBH Global Asset Management LLC purchased a new stake in Capital One Financial during the second quarter worth $254,000. Bridgewater Advisors Inc. lifted its holdings in Capital One Financial by 7.2% during the second quarter. Bridgewater Advisors Inc. now owns 3,451 shares of the financial services provider’s stock worth $746,000 after buying an additional 232 shares during the period. Finally, Gryphon Financial Partners LLC boosted its position in Capital One Financial by 4.8% during the 2nd quarter. Gryphon Financial Partners LLC now owns 4,403 shares of the financial services provider’s stock valued at $883,000 after acquiring an additional 203 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of a number of analyst reports. Argus cut their price target on Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Rothschild & Co Redburn dropped their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Citigroup cut their target price on Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Truist Financial reduced their target price on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, TD Cowen lowered their price target on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $259.36.

Capital One Financial Stock Up 1.5%

Capital One Financial stock opened at $227.19 on Friday. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The business has a fifty day moving average price of $204.93 and a 200-day moving average price of $198.21. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $139.37 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.84 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same period in the prior year, the company posted $5.48 EPS. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. Equities research analysts forecast that Capital One Financial Corporation will post 20.19 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. Capital One Financial’s dividend payout ratio is 19.80%.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the sale, the insider directly owned 27,992 shares in the company, valued at $6,102,815.84. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Timothy P. Golden sold 3,487 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the sale, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. This represents a 31.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 22,186 shares of company stock valued at $4,697,301. Company insiders own 0.78% of the company’s stock.

About Capital One Financial

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.