24,400 Shares in Capital One Financial Corporation $COF Bought by Galaxy Digital Capital Management GP LLC

Galaxy Digital Capital Management GP LLC bought a new stake in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,400 shares of the financial services provider’s stock, valued at approximately $4,895,000. Capital One Financial makes up about 2.4% of Galaxy Digital Capital Management GP LLC’s investment portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its position in Capital One Financial by 18.1% during the fourth quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock worth $85,739,000 after acquiring an additional 54,263 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in shares of Capital One Financial by 11.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock valued at $28,076,000 after acquiring an additional 11,651 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Capital One Financial by 2.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock valued at $54,283,000 after acquiring an additional 6,225 shares during the period. Sculptor Capital LP acquired a new position in shares of Capital One Financial during the 1st quarter worth about $33,932,000. Finally, Truist Financial Corp increased its stake in shares of Capital One Financial by 2.5% during the 4th quarter. Truist Financial Corp now owns 640,050 shares of the financial services provider’s stock worth $155,122,000 after purchasing an additional 15,644 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wolfe Research raised their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group boosted their price target on Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Barclays dropped their price objective on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Finally, TD Cowen reduced their target price on Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $258.91.

Insider Activity at Capital One Financial

In related news, insider Ravi Raghu sold 9,726 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the sale, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. The trade was a 26.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction 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 owned 27,992 shares of the company’s stock, valued at $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,267 shares of company stock valued at $5,617,648 in the last 90 days. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $216.29 on Wednesday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a market capitalization of $132.69 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.79 and a beta of 1.02. The company has a 50-day simple moving average of $209.40 and a 200 day simple moving average of $197.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business’s revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm earned $5.48 EPS. On average, sell-side analysts predict that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is presently 19.80%.

Capital One Financial Company 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.