HighTower Advisors LLC Raises Position in Capital One Financial Corporation $COF

HighTower Advisors LLC boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 1.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 382,910 shares of the financial services provider’s stock after buying an additional 5,944 shares during the period. HighTower Advisors LLC’s holdings in Capital One Financial were worth $76,819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. grew its holdings in shares of Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 90 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in shares of Capital One Financial in the fourth quarter worth approximately $27,000. Cherry Tree Wealth Management LLC raised its stake in Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 105 shares in the last quarter. Osterweis Capital Management Inc. purchased a new stake in Capital One Financial in the fourth quarter valued at approximately $29,000. Finally, CrossGen Wealth LLC bought a new stake in Capital One Financial during the fourth quarter valued at approximately $30,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on COF shares. Bank of America decreased their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a research note on Thursday, August 20th. Piper Sandler began coverage on Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 price target on the stock. Finally, HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. Twenty-one analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $258.91.

Insider Activity

In other news, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the transaction, the chief accounting officer owned 7,429 shares in the company, valued at approximately $1,567,519. The trade was a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Matthew Cooper sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total value of $749,350.00. Following the completion of the sale, the general counsel directly owned 83,194 shares of the company’s stock, valued at approximately $17,811,835.40. This trade represents a 4.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 29,767 shares of company stock valued at $6,366,998. Company insiders own 0.78% of the company’s stock.

Capital One Financial Trading Down 0.1%

Shares of COF opened at $219.43 on Tuesday. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The firm has a market cap of $134.62 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 0.81 and a beta of 1.02. The firm has a 50 day moving average price of $212.15 and a 200-day moving average price of $198.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion for 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%. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the firm earned $5.48 EPS. As a group, equities research analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, August 17th. Capital One Financial’s dividend payout ratio is presently 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.