Cerity Partners LLC Buys 5,385 Shares of Capital One Financial Co. (NYSE:COF)

Cerity Partners LLC increased its stake in Capital One Financial Co. (NYSE:COF) by 36.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,092 shares of the financial services provider’s stock after buying an additional 5,385 shares during the quarter. Cerity Partners LLC’s holdings in Capital One Financial were worth $1,920,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Natixis Advisors L.P. lifted its position in Capital One Financial by 7.5% in the first quarter. Natixis Advisors L.P. now owns 129,104 shares of the financial services provider’s stock worth $12,415,000 after buying an additional 9,011 shares during the last quarter. American Century Companies Inc. lifted its position in Capital One Financial by 25.1% in the first quarter. American Century Companies Inc. now owns 158,761 shares of the financial services provider’s stock worth $15,229,000 after buying an additional 31,808 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Capital One Financial by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 417,665 shares of the financial services provider’s stock worth $35,752,000 after buying an additional 11,184 shares during the last quarter. Connectus Wealth LLC purchased a new stake in Capital One Financial in the first quarter worth $344,000. Finally, Barrett & Company Inc. purchased a new stake in Capital One Financial in the first quarter worth $89,000. 90.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company increased their target price on Capital One Financial from $110.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, July 21st. Bank of America increased their target price on Capital One Financial from $109.00 to $116.00 in a research note on Tuesday, June 6th. Piper Sandler increased their target price on Capital One Financial from $112.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. Morgan Stanley increased their target price on Capital One Financial from $86.00 to $92.00 and gave the stock an “underweight” rating in a research note on Friday, July 21st. Finally, Jefferies Financial Group raised their price target on Capital One Financial from $100.00 to $110.00 in a research note on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $109.09.

Capital One Financial Price Performance

COF opened at $102.39 on Friday. The business’s 50-day moving average is $109.88 and its two-hundred day moving average is $103.68. Capital One Financial Co. has a 1 year low of $83.93 and a 1 year high of $123.09. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $39.06 billion, a PE ratio of 7.84, a price-to-earnings-growth ratio of 1.97 and a beta of 1.46.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.21. The business had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $9.13 billion. Capital One Financial had a return on equity of 9.72% and a net margin of 11.94%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $4.96 earnings per share. Research analysts anticipate that Capital One Financial Co. will post 11.62 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Friday, August 4th. Capital One Financial’s dividend payout ratio is presently 18.38%.

Insiders Place Their Bets

In other Capital One Financial news, insider Kara West sold 2,362 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $115.06, for a total value of $271,771.72. Following the completion of the sale, the insider now owns 10,450 shares of the company’s stock, valued at $1,202,377. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Kara West sold 2,362 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $115.06, for a total value of $271,771.72. Following the transaction, the insider now owns 10,450 shares in the company, valued at approximately $1,202,377. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard D. Fairbank sold 3,891 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $117.34, for a total transaction of $456,569.94. Following the transaction, the chief executive officer now directly owns 3,848,406 shares of the company’s stock, valued at $451,571,960.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,286 shares of company stock valued at $3,902,710. 1.41% of the stock is currently owned by corporate insiders.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.