Czech National Bank Increases Stake in Capital One Financial Corporation $COF

Czech National Bank raised its stake in Capital One Financial Corporation (NYSE:COF) by 4.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 177,128 shares of the financial services provider’s stock after purchasing an additional 6,885 shares during the quarter. Czech National Bank’s holdings in Capital One Financial were worth $35,535,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. boosted its holdings in shares of Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 90 shares during the period. VSM Wealth Advisory LLC purchased a new position in shares of Capital One Financial in the 4th quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC boosted its holdings in shares of 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 valued at $27,000 after buying an additional 105 shares in the last quarter. Ballast Advisors LLC bought a new stake in Capital One Financial during the first quarter worth about $27,000. Finally, Strive Asset Management LLC purchased a new stake in Capital One Financial in the third quarter worth about $28,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of COF opened at $219.81 on Friday. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a market capitalization of $134.85 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 0.82 and a beta of 1.02. The firm has a 50 day moving average of $200.33 and a 200 day moving average of $198.36. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39.

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 the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm posted $5.48 EPS. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio is presently 19.80%.

Insider Activity at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ravi Raghu sold 9,726 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. This trade represents a 26.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,213 shares of company stock valued at $4,147,832 over the last ninety days. Insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on COF shares. Wells Fargo & Company lowered their target price on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Piper Sandler assumed coverage on Capital One Financial in a report on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price on the stock. Finally, Truist Financial cut their target price on Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Twenty equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $259.36.

Capital One Financial Company 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.