Equitable Holdings Inc. Buys New Shares in Capital One Financial Corporation $COF

Equitable Holdings Inc. purchased a new position in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 35,498 shares of the financial services provider’s stock, valued at approximately $7,122,000.

A number of other large investors have also added to or reduced their stakes in COF. BlackRock Inc. raised its stake in shares of 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 acquiring an additional 236,643 shares during the period. 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 stake in Capital One Financial by 3.9% in the 4th 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 in the fourth quarter worth approximately $2,089,803,000. Finally, Davis Selected Advisers lifted its holdings in shares of Capital One Financial by 2.8% in the 4th 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. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on COF. 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. BTIG Research upped their price target on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Barclays dropped their price objective on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Wolfe Research lifted their price objective on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Citigroup lowered their target price on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $258.91.

Insider Buying and Selling at Capital One Financial

In related 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 directly owned 7,429 shares in the company, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the sale, the general counsel directly owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 26,267 shares of company stock worth $5,617,648. 0.78% of the stock is owned by company insiders.

Capital One Financial Trading Down 0.1%

Shares of Capital One Financial stock opened at $216.91 on Friday. 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 current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm’s 50 day simple moving average is $210.04 and its two-hundred day simple moving average is $197.87. 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 posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. Capital One Financial’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period last year, the firm posted $5.48 EPS. Analysts predict that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio is 19.80%.

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.