Advisors Capital Management LLC Has $302,000 Position in Capital One Financial Corporation $COF

Advisors Capital Management LLC raised its stake in Capital One Financial Corporation (NYSE:COF) by 30.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,683 shares of the financial services provider’s stock after purchasing an additional 393 shares during the period. Advisors Capital Management LLC’s holdings in Capital One Financial were worth $302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. WPG Advisers LLC acquired a new position in shares of Capital One Financial in the first quarter valued at about $25,000. Saudi Central Bank acquired a new position in shares of Capital One Financial in the first quarter valued at about $27,000. Beacon Capital Management LLC grew its stake in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 97 shares in the last quarter. Bogart Wealth LLC grew its stake in shares of Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 243 shares in the last quarter. Finally, Motco grew its stake in Capital One Financial by 115.1% during the first quarter. Motco now owns 256 shares of the financial services provider’s stock worth $46,000 after buying an additional 137 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on COF. Barclays reiterated an “overweight” rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Truist Financial increased their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wells Fargo & Company increased their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $239.44.

Insider Activity

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock worth $4,679,844 in the last 90 days. 1.26% of the stock is owned by company insiders.

Capital One Financial Stock Down 0.3%

Shares of NYSE COF opened at $223.59 on Friday. The company has a 50 day simple moving average of $217.89 and a 200 day simple moving average of $196.49. The firm has a market cap of $142.99 billion, a PE ratio of 114.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a 1 year low of $137.64 and a 1 year high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter last year, the business earned $3.14 EPS. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. On average, research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is presently 123.08%.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of 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.