Advisors Capital Management LLC Has $2.25 Million Stock Holdings in Capital One Financial Corporation $COF

Advisors Capital Management LLC lifted its position in Capital One Financial Corporation (NYSE:COF) by 529.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,588 shares of the financial services provider’s stock after buying an additional 8,905 shares during the quarter. Advisors Capital Management LLC’s holdings in Capital One Financial were worth $2,253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after purchasing an additional 10,428 shares during the period. Edgestream Partners L.P. increased its position in Capital One Financial by 29.9% during the first quarter. Edgestream Partners L.P. now owns 4,609 shares of the financial services provider’s stock worth $826,000 after buying an additional 1,060 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Capital One Financial by 3.1% in the first quarter. Verdence Capital Advisors LLC now owns 3,432 shares of the financial services provider’s stock valued at $615,000 after buying an additional 102 shares during the period. Kingsview Wealth Management LLC lifted its position in shares of Capital One Financial by 12.8% in the first quarter. Kingsview Wealth Management LLC now owns 9,353 shares of the financial services provider’s stock valued at $1,677,000 after buying an additional 1,065 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after acquiring an additional 1,312 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COF. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research note on Thursday. TD Cowen increased their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday, October 6th. Barclays boosted their price objective on Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Truist Financial upped their target price on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, BTIG Research reissued a “buy” rating and set a $264.00 price target on shares of Capital One Financial in a report on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $261.63.

Insider Activity at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total value of $438,820.00. Following the completion of the transaction, the general counsel owned 96,486 shares of the company’s stock, valued at $21,169,993.26. This represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the transaction, the chief accounting officer owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 256,380 shares of company stock valued at $57,129,478 over the last three months. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Trading Down 2.8%

Shares of COF opened at $210.74 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The firm has a market cap of $133.97 billion, a price-to-earnings ratio of 88.92, a PEG ratio of 0.70 and a beta of 1.19. The business’s fifty day moving average is $218.70 and its 200-day moving average is $210.96.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The firm had revenue of $15.46 billion for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. Equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 17th. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s payout ratio is presently 135.02%.

Capital One Financial Profile

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.