United Capital Financial Advisors LLC Makes New Investment in Capital One Financial Corporation $COF

United Capital Financial Advisors LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 34,093 shares of the financial services provider’s stock, valued at approximately $6,840,000.

Several other large investors have also recently made changes to their positions in COF. Norges Bank bought a new position in Capital One Financial during the fourth quarter valued at about $2,089,803,000. Bank of America Corp DE bought a new stake in Capital One Financial in the second quarter worth about $1,435,311,000. Legal & General Group Plc bought a new stake in Capital One Financial in the second quarter worth about $680,983,000. Berkshire Hathaway Inc purchased a new position in Capital One Financial in the second quarter valued at about $601,860,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Capital One Financial during the 2nd quarter valued at approximately $482,718,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction dated 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 owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This represents a 31.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ravi Raghu sold 9,726 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 26,267 shares of company stock valued at $5,617,648. 0.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on COF. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. BTIG Research increased their price objective on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Bank of America decreased their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Piper Sandler started coverage on Capital One Financial in a research report on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $258.91.

Capital One Financial Stock Performance

NYSE COF opened at $216.91 on Friday. The company’s 50 day moving average is $210.04 and its 200-day moving average is $197.87. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm has a market cap of $133.07 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same period last year, the firm earned $5.48 EPS. Capital One Financial’s revenue for the quarter was up 26.9% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

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.