Perpetual Ltd Has $981,000 Stock Position in Capital One Financial Corporation $COF

Perpetual Ltd lifted its stake in Capital One Financial Corporation (NYSE:COF) by 229.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,613 shares of the financial services provider’s stock after purchasing an additional 3,211 shares during the period. Perpetual Ltd’s holdings in Capital One Financial were worth $981,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC grew its position in shares of Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after buying an additional 117,427,549 shares during the period. Vanguard Group Inc. boosted its stake in Capital One Financial by 74.8% during the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after acquiring an additional 24,129,990 shares during the last quarter. State Street Corp boosted its stake in Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after acquiring an additional 10,776,843 shares during the last quarter. Norges Bank acquired a new position in Capital One Financial during the second quarter valued at approximately $1,701,511,000. Finally, Geode Capital Management LLC increased its stake in Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after purchasing an additional 5,474,328 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

COF opened at $244.20 on Monday. The company has a market capitalization of $155.25 billion, a price-to-earnings ratio of 103.04, a P/E/G ratio of 0.56 and a beta of 1.16. The business’s 50-day moving average price is $220.91 and its two-hundred day moving average price is $217.00. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $244.82. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03.

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

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.3%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is 135.02%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on COF. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 15th. Truist Financial lifted their target price on Capital One Financial from $270.00 to $290.00 in a report on Friday. Morgan Stanley reissued an “overweight” rating and issued a $280.00 target price on shares of Capital One Financial in a research note on Tuesday, December 16th. Robert W. Baird raised their price target on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Capital One Financial from $240.00 to $263.00 and gave the company a “hold” rating in a report on Wednesday, December 17th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $265.25.

Insider Buying and Selling

In other news, insider Frank G. LapradeIii sold 17,840 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the sale, the insider owned 48,315 shares of the company’s stock, valued at $10,727,379.45. The trade was a 26.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lia Dean sold 3,269 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $218.15, for a total transaction of $713,132.35. Following the transaction, the insider owned 69,855 shares of the company’s stock, valued at $15,238,868.25. The trade was a 4.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 280,218 shares of company stock valued at $62,395,804 over the last ninety days. Insiders own 1.26% of the company’s stock.

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.