Bleakley Financial Group LLC Has $4.34 Million Stake in Capital One Financial Corporation $COF

Bleakley Financial Group LLC raised its position in Capital One Financial Corporation (NYSE:COF) by 12.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 23,784 shares of the financial services provider’s stock after purchasing an additional 2,597 shares during the period. Bleakley Financial Group LLC’s holdings in Capital One Financial were worth $4,339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of COF. Norges Bank bought a new stake in shares of Capital One Financial in the fourth quarter worth $2,089,803,000. Viking Global Investors LP increased its stake in Capital One Financial by 30.3% in the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after buying an additional 1,717,148 shares during the last quarter. Bessemer Group Inc. increased its stake in Capital One Financial by 7,143.2% in the 4th quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after buying an additional 1,428,133 shares during the last quarter. AQR Capital Management LLC lifted its position in Capital One Financial by 64.9% during the 4th quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock worth $815,951,000 after buying an additional 1,324,845 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Capital One Financial by 61.8% during the 2nd quarter. Alliancebernstein L.P. now owns 1,969,661 shares of the financial services provider’s stock worth $419,065,000 after buying an additional 752,461 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total transaction of $728,000.00. Following the transaction, the general counsel directly owned 90,194 shares of the company’s stock, valued at $18,760,352. The trade was a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the transaction, the insider directly owned 61,579 shares in the company, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 8,749 shares of company stock valued at $1,708,577. Company insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on COF. Evercore dropped their target price on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. TD Cowen lowered their price objective on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Truist Financial dropped their target price on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Piper Sandler assumed coverage on shares of Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price for the company. Finally, BTIG Research lifted their price target on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Twenty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $259.91.

Capital One Financial Stock Performance

NYSE:COF opened at $209.02 on Thursday. The company has a market cap of $130.07 billion, a price-to-earnings ratio of 73.34, a PEG ratio of 0.74 and a beta of 1.02. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a fifty day moving average price of $192.71 and a 200-day moving average price of $202.21.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The firm had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. During the same quarter in the prior year, the business posted $4.06 EPS. The business’s revenue was up 52.3% on a year-over-year basis. As a group, equities analysts anticipate that Capital One Financial Corporation will post 19.54 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 112.28%.

Capital One Financial 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.