Vanguard Group Inc. Purchases 24,129,990 Shares of Capital One Financial Corporation $COF

Vanguard Group Inc. raised its position in shares of Capital One Financial Corporation (NYSE:COF) by 74.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,380,913 shares of the financial services provider’s stock after acquiring an additional 24,129,990 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Capital One Financial worth $11,995,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of COF. WPG Advisers LLC purchased a new position in shares of Capital One Financial in the first quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC raised its stake in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC lifted its position in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. Saudi Central Bank bought a new position in Capital One Financial during the first quarter valued at $27,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Capital One Financial in the 2nd quarter worth $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Down 4.6%

Shares of NYSE COF opened at $201.35 on Tuesday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $128.01 billion, a price-to-earnings ratio of 84.96, a PEG ratio of 0.70 and a beta of 1.19. The business’s 50 day moving average price is $218.33 and its 200-day moving average price is $211.33.

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. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.46 billion during the quarter. On average, sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The business also recently declared 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. The ex-dividend date is Monday, November 17th. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is currently 135.02%.

Analysts Set New Price Targets

COF has been the topic of several recent research reports. Wolfe Research upped their target price on shares of Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada upped their price objective on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a report on Thursday. Citigroup increased their price target on Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Barclays raised their price target on Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Insider Activity at Capital One Financial

In related news, CEO Richard D. Fairbank sold 103,487 shares of Capital One Financial stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the completion of the sale, the chief executive officer owned 4,001,228 shares in the company, valued at $882,990,995.04. This trade represents a 2.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Frank G. LapradeIii sold 17,840 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the completion of the transaction, the insider owned 48,315 shares in the company, valued at $10,727,379.45. This represents a 26.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 274,013 shares of company stock worth $61,045,903. 1.26% of the stock is currently owned by corporate insiders.

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.