Great Lakes Advisors LLC Purchases Shares of 47,951 Capital One Financial Corporation $COF

Great Lakes Advisors LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 47,951 shares of the financial services provider’s stock, valued at approximately $9,620,000.

Several other institutional investors and hedge funds also recently modified their holdings of COF. Evolution Wealth Management Inc. raised its position in Capital One Financial by 529.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after buying an additional 90 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in Capital One Financial in the 4th quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC boosted its position in Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 105 shares during the last quarter. Ballast Advisors LLC acquired a new position in Capital One Financial during the 1st quarter worth approximately $27,000. Finally, Strive Asset Management LLC bought a new position in shares of Capital One Financial during the 3rd quarter worth approximately $28,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Truist Financial decreased their target price on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, BTIG Research increased their price objective on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Twenty-one investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $259.36.

Capital One Financial Price Performance

Shares of NYSE COF opened at $221.23 on Wednesday. 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 business’s 50 day moving average price is $206.52 and its two-hundred day moving average price is $198.10. The company has a market cap of $135.72 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same period last year, the firm posted $5.48 earnings per share. The business’s revenue was up 26.9% on a year-over-year basis. On average, analysts predict that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.4%. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

Insider Buying and Selling at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the transaction, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ravi Raghu sold 9,726 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 26,267 shares of company stock worth $5,617,648. 0.78% of the stock is currently owned by corporate insiders.

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.