Capital One Financial Co. (NYSE:COF) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in Capital One Financial Co. (NYSE:COF) by 1,800.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 380,189 shares of the financial services provider’s stock after acquiring an additional 360,179 shares during the quarter. Wellington Management Group LLP’s holdings in Capital One Financial were worth $36,559,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Grey Fox Wealth Advisors LLC raised its stake in shares of Capital One Financial by 75.6% in the 1st quarter. Grey Fox Wealth Advisors LLC now owns 295 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 127 shares in the last quarter. MV Capital Management Inc. increased its holdings in shares of Capital One Financial by 122.2% in the 1st quarter. MV Capital Management Inc. now owns 300 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 165 shares during the last quarter. Eagle Bay Advisors LLC lifted its stake in Capital One Financial by 43.4% during the first quarter. Eagle Bay Advisors LLC now owns 1,081 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 327 shares during the last quarter. America First Investment Advisors LLC acquired a new position in Capital One Financial in the first quarter worth $31,000. Finally, Delta Asset Management LLC TN bought a new stake in Capital One Financial during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 90.09% of the company’s stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, CEO Richard D. Fairbank sold 3,891 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $109.48, for a total value of $425,986.68. Following the transaction, the chief executive officer now owns 3,848,406 shares of the company’s stock, valued at $421,323,488.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Richard D. Fairbank sold 3,891 shares of Capital One Financial stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $109.48, for a total value of $425,986.68. Following the transaction, the chief executive officer now owns 3,848,406 shares of the company’s stock, valued at approximately $421,323,488.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 3,784 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $114.74, for a total transaction of $434,176.16. Following the sale, the insider now directly owns 75,038 shares of the company’s stock, valued at $8,609,860.12. The disclosure for this sale can be found here. Insiders sold a total of 34,286 shares of company stock valued at $3,902,710 over the last ninety days. Insiders own 1.27% of the company’s stock.

Capital One Financial Stock Performance

COF opened at $99.93 on Friday. Capital One Financial Co. has a 1-year low of $83.93 and a 1-year high of $123.09. The company has a market capitalization of $38.12 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 1.98 and a beta of 1.47. The business has a 50 day moving average price of $109.29 and a two-hundred day moving average price of $103.26. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.99 and a quick ratio of 0.99.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.21. The business had revenue of $9.01 billion during the quarter, compared to analyst estimates 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 revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.96 earnings per share. Research analysts predict that Capital One Financial Co. will post 11.56 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on COF. StockNews.com began coverage on shares of Capital One Financial in a report on Thursday, August 17th. They issued a “hold” rating for the company. Bank of America raised their price target on Capital One Financial from $109.00 to $116.00 in a report on Tuesday, June 6th. Morgan Stanley upped their price objective 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. Citigroup raised their target price on Capital One Financial from $124.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, Piper Sandler lifted their price objective on shares of Capital One Financial from $112.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $109.09.

Capital One Financial Profile

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.