Capital One Financial Corporation $COF Shares Acquired by SCS Capital Management LLC

SCS Capital Management LLC grew its position in Capital One Financial Corporation (NYSE:COF) by 1,904.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,046 shares of the financial services provider’s stock after acquiring an additional 31,397 shares during the quarter. SCS Capital Management LLC’s holdings in Capital One Financial were worth $7,031,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in COF. Earned Wealth Advisors LLC purchased a new position in Capital One Financial in the 2nd quarter worth approximately $254,000. Plancorp LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $272,000. Smith Chas P & Associates PA Cpas lifted its position in Capital One Financial by 1,490.0% during the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock worth $9,252,000 after buying an additional 40,751 shares in the last quarter. Callodine Capital Management LP lifted its position in Capital One Financial by 200.0% during the first quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock worth $26,895,000 after buying an additional 100,000 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in Capital One Financial by 111.8% during the second quarter. Flagship Harbor Advisors LLC now owns 2,510 shares of the financial services provider’s stock worth $534,000 after buying an additional 1,325 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 0.7%

Shares of COF stock opened at $231.37 on Friday. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $233.01. The firm has a market cap of $147.09 billion, a PE ratio of 97.62, a price-to-earnings-growth ratio of 0.55 and a beta of 1.16. The company has a 50-day moving average of $215.82 and a two-hundred day moving average of $213.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03.

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

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. Capital One Financial’s payout ratio is currently 135.02%.

Analysts Set New Price Targets

Several analysts have issued reports on COF shares. JPMorgan Chase & Co. upped their target price on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Evercore ISI upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Robert W. Baird lifted their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Wolfe Research boosted their target price on shares of Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $261.63.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $221.54, for a total value of $443,080.00. Following the sale, the general counsel owned 94,486 shares in the company, valued at approximately $20,932,428.44. The trade was a 2.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lia Dean sold 3,269 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $713,132.35. Following the transaction, the insider directly owned 69,855 shares in the company, valued at approximately $15,238,868.25. The trade was a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 280,218 shares of company stock valued at $62,395,804. Insiders own 1.26% of the company’s stock.

About Capital One Financial

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.