Banco Santander S.A. grew its stake in Capital One Financial Corporation (NYSE:COF) by 23.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,916 shares of the financial services provider’s stock after acquiring an additional 16,996 shares during the period. Banco Santander S.A.’s holdings in Capital One Financial were worth $19,114,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Roble Belko & Company Inc bought a new position in Capital One Financial in the 2nd quarter worth approximately $28,000. Howard Hughes Medical Institute bought a new position in Capital One Financial in the 2nd quarter valued at $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at $30,000. Creekmur Asset Management LLC bought a new stake in shares of Capital One Financial during the second quarter worth $32,000. Finally, WFA of San Diego LLC acquired a new position in shares of Capital One Financial during the second quarter valued at $32,000. 89.84% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $275.00 target price on shares of Capital One Financial in a research note on Monday, January 12th. TD Cowen reiterated a “buy” rating on shares of Capital One Financial in a research report on Thursday, January 8th. BTIG Research cut their price objective on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. Finally, Barclays lowered their target price on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $274.70.
Capital One Financial Stock Up 1.3%
NYSE:COF opened at $208.43 on Friday. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $259.64. The stock has a 50-day moving average price of $228.33 and a two-hundred day moving average price of $223.04. The stock has a market cap of $129.63 billion, a price-to-earnings ratio of 70.42, a PEG ratio of 0.61 and a beta of 1.14. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44.
Capital One Financial (NYSE:COF – Get Free Report) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same period in the prior year, the firm posted $2.67 EPS. The company’s revenue was up 53.3% compared to the same quarter last year. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.
Capital One Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 108.11%.
Insider Buying and Selling at Capital One Financial
In related news, insider Celia Karam sold 2,108 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $218.25, for a total value of $460,071.00. Following the sale, the insider directly owned 59,269 shares of the company’s stock, valued at approximately $12,935,459.25. The trade was a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jason P. Hanson sold 3,729 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the transaction, the insider directly owned 40,230 shares of the company’s stock, valued at approximately $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 76,138 shares of company stock valued at $16,160,598 over the last quarter. 1.26% of the stock is currently owned by corporate insiders.
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.
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