Coastal Bridge Advisors LLC Makes New Investment in Capital One Financial Corporation $COF

Coastal Bridge Advisors LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, Holdings Channel reports. The fund acquired 34,727 shares of the financial services provider’s stock, valued at approximately $6,967,000.

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

Insider Activity

In related news, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the transaction, the insider owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lia Dean sold 2,193 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the transaction, the insider directly owned 63,261 shares of the company’s stock, valued at approximately $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 26,267 shares of company stock worth $5,617,648. 0.78% of the stock is owned by company insiders.

Capital One Financial Stock Performance

Shares of COF stock opened at $216.91 on Friday. The stock has a fifty day moving average of $210.04 and a 200 day moving average of $197.87. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The firm has a market capitalization of $133.07 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.80 and a beta of 1.02. 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 results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share 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 net margin of 13.37% and a return on equity of 11.28%. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.48 earnings per share. As a group, research analysts expect that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a $0.80 dividend. This represents a $3.20 annualized dividend 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 (DPR) is currently 19.80%.

Analyst Ratings Changes

A number of equities research analysts recently commented on COF shares. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a report on Thursday, August 20th. HSBC upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price objective for the company from $226.00 to $229.00 in a research report on Sunday, July 12th. UBS Group upped their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. BTIG Research increased their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings raised Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.91.

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.