Manning & Napier Advisors LLC Takes $6.08 Million Position in Capital One Financial Corporation $COF

Manning & Napier Advisors LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF) during the second quarter, Holdings Channel reports. The institutional investor purchased 30,042 shares of the financial services provider’s stock, valued at approximately $6,077,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Capital One Financial by 0.5% during the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock worth $10,242,628,000 after purchasing an additional 236,643 shares in the last quarter. Franklin Resources Inc. raised its stake in Capital One Financial by 5.4% during the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after buying an additional 638,158 shares during the period. Morgan Stanley lifted its holdings in Capital One Financial by 3.9% during the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after acquiring an additional 323,350 shares in the last quarter. Norges Bank bought a new position in Capital One Financial during the fourth quarter worth about $2,089,803,000. Finally, Davis Selected Advisers grew its stake in Capital One Financial by 2.8% in the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock valued at $2,087,878,000 after acquiring an additional 234,649 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity

In other news, CAO Timothy P. Golden sold 3,487 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the sale, the chief accounting officer 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 SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the sale, the insider directly owned 27,992 shares of the company’s stock, valued at $6,102,815.84. The trade was a 16.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 26,267 shares of company stock valued at $5,617,648. 0.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on COF. BTIG Research raised their price target on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Citigroup reduced their price target on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Piper Sandler assumed coverage on shares of Capital One Financial in a research report on Monday, June 29th. They issued an “overweight” rating and a $254.00 price objective on the stock. Bank of America decreased their price objective on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $259.14.

Capital One Financial Price Performance

NYSE:COF opened at $216.29 on Tuesday. 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 stock’s 50 day moving average price is $209.09 and its two-hundred day moving average price is $197.97. The firm has a market capitalization of $132.69 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.80 and a beta of 1.02. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the previous year, the company posted $5.48 EPS. On average, analysts anticipate that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

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.