Janney Montgomery Scott LLC Has $25.33 Million Stock Holdings in Capital One Financial Corporation $COF

Janney Montgomery Scott LLC raised its stake in Capital One Financial Corporation (NYSE:COF) by 12.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 138,834 shares of the financial services provider’s stock after buying an additional 15,717 shares during the period. Janney Montgomery Scott LLC’s holdings in Capital One Financial were worth $25,328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Capital One Financial during the fourth quarter worth $2,089,803,000. Capital International Investors grew its position in Capital One Financial by 107.9% during the 3rd quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock worth $859,602,000 after acquiring an additional 2,097,208 shares during the last quarter. Viking Global Investors LP grew its position in Capital One Financial by 30.3% during the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after acquiring an additional 1,717,148 shares during the last quarter. Bessemer Group Inc. increased its holdings 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 worth $350,966,000 after purchasing an additional 1,428,133 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Capital One Financial by 12.8% in the third quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock valued at $2,516,587,000 after purchasing an additional 1,339,215 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 0.9%

NYSE COF opened at $202.07 on Tuesday. The firm has a market capitalization of $125.74 billion, a PE ratio of 70.90, a price-to-earnings-growth ratio of 0.73 and a beta of 1.03. The business’s 50-day moving average price is $191.11 and its two-hundred day moving average price is $205.58. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. 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 announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $15.68 billion. During the same period in the prior year, the business earned $4.06 EPS. Capital One Financial’s quarterly revenue was up 52.3% on a year-over-year basis. On average, analysts expect that Capital One Financial Corporation will post 19.51 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is 112.28%.

Insiders Place Their Bets

In other news, insider Lia Dean sold 1,692 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total transaction of $314,052.12. Following the transaction, the insider directly owned 65,454 shares of the company’s stock, valued at $12,148,916.94. This represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the transaction, the insider owned 61,579 shares in the company, valued at approximately $11,858,883.82. The trade was a 2.76% 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. Over the last quarter, insiders have sold 8,040 shares of company stock worth $1,498,615. Corporate insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a report on Wednesday, June 24th. Piper Sandler initiated coverage on shares of Capital One Financial in a report on Monday. They issued an “overweight” rating and a $254.00 price objective for the company. Argus cut their target price on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Truist Financial reduced 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. Finally, Evercore decreased their price target on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $258.52.

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.