Sepio Capital LP Buys New Position in Capital One Financial Corporation $COF

Sepio Capital LP bought a new stake in Capital One Financial Corporation (NYSE:COF) during the second quarter, Holdings Channel.com reports. The fund bought 1,061 shares of the financial services provider’s stock, valued at approximately $226,000.

A number of other large investors also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC grew its stake in shares of Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after acquiring an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Capital One Financial by 74.8% in the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after purchasing an additional 24,129,990 shares during the period. Geode Capital Management LLC grew its position in Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares during the last quarter. Norges Bank acquired a new stake in Capital One Financial in the 2nd quarter worth $1,701,511,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Capital One Financial by 41.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock worth $1,491,676,000 after purchasing an additional 2,050,010 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Neal Blinde sold 43,200 shares of the stock in a transaction 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 sale, the insider owned 73,020 shares in the company, valued at approximately $16,198,026.60. This represents a 37.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank G. LapradeIii sold 17,840 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the completion of the sale, the insider owned 48,315 shares of the company’s stock, valued at approximately $10,727,379.45. This trade represents a 26.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 272,013 shares of company stock worth $60,599,103 in the last three months. Company insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on COF shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research note on Tuesday, November 25th. Truist Financial raised their price objective on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. The Goldman Sachs Group lifted their price objective on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Zacks Research cut Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Morgan Stanley raised their target price on Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $261.63.

Capital One Financial Trading Up 0.5%

Shares of COF opened at $220.27 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The stock has a market cap of $140.03 billion, a PE ratio of 92.94, a PEG ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The stock has a 50 day simple moving average of $215.45 and a 200-day simple moving average of $212.66.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.46 billion for the quarter. On average, sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio is presently 135.02%.

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.