Capital One Financial Corporation $COF Stock Position Increased by Continental Advisors LLC

Continental Advisors LLC increased its holdings in Capital One Financial Corporation (NYSE:COF) by 10.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 41,305 shares of the financial services provider’s stock after purchasing an additional 4,000 shares during the period. Capital One Financial accounts for 4.1% of Continental Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Continental Advisors LLC’s holdings in Capital One Financial were worth $8,788,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Asset Dedication LLC lifted its position in shares of Capital One Financial by 8.9% during the second quarter. Asset Dedication LLC now owns 6,988 shares of the financial services provider’s stock worth $1,487,000 after acquiring an additional 570 shares in the last quarter. Campbell Capital Management Inc. purchased a new position in shares of Capital One Financial in the second quarter valued at $7,660,000. Pitcairn Co. lifted its holdings in Capital One Financial by 63.3% during the 2nd quarter. Pitcairn Co. now owns 10,422 shares of the financial services provider’s stock worth $2,217,000 after purchasing an additional 4,041 shares in the last quarter. Hudson Bay Capital Management LP lifted its holdings in Capital One Financial by 8.2% during the 2nd quarter. Hudson Bay Capital Management LP now owns 592,523 shares of the financial services provider’s stock worth $126,065,000 after purchasing an additional 45,109 shares in the last quarter. Finally, N.E.W. Advisory Services LLC boosted its stake in Capital One Financial by 625.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 580 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 500 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $200.61 on Wednesday. The company’s fifty day moving average price is $217.89 and its 200-day moving average price is $211.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $127.53 billion, a price-to-earnings ratio of 84.64, a PEG ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data 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 during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. On average, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, November 17th. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is currently 135.02%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total transaction of $438,820.00. Following the transaction, the general counsel directly owned 96,486 shares in the company, valued at $21,169,993.26. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the sale, the insider owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. The trade was a 37.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 274,013 shares of company stock valued at $61,045,903 over the last 90 days. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COF. Truist Financial upped their price target on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Zacks Research raised shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Royal Bank Of Canada raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group increased their price objective on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Profile

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.