Sowell Financial Services LLC Buys 3,146 Shares of Capital One Financial Corporation $COF

Sowell Financial Services LLC grew its stake in Capital One Financial Corporation (NYSE:COF) by 32.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,984 shares of the financial services provider’s stock after buying an additional 3,146 shares during the period. Sowell Financial Services LLC’s holdings in Capital One Financial were worth $2,760,000 as of its most recent filing with the Securities and Exchange Commission.

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

Capital One Financial Trading Up 0.5%

NYSE COF opened at $249.58 on Monday. The company has a market cap of $158.67 billion, a price-to-earnings ratio of 105.31, a P/E/G ratio of 0.57 and a beta of 1.16. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $249.73. The business has a 50 day moving average price of $224.67 and a 200-day moving average price of $218.75. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last issued its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) 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 for the quarter. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a dividend of $0.80 per share. This is an increase 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 1.3%. The ex-dividend date was Monday, November 17th. Capital One Financial’s dividend payout ratio is 135.02%.

Insider Activity at Capital One Financial

In related news, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the transaction, the insider owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lia Dean sold 3,269 shares of Capital One Financial stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $218.15, for a total value of $713,132.35. Following the transaction, the insider owned 69,855 shares of the company’s stock, valued at $15,238,868.25. This trade represents a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 280,218 shares of company stock valued at $62,395,804 over the last quarter. 1.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. The Goldman Sachs Group increased their price target on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group raised their target price on Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Morgan Stanley reiterated an “overweight” rating and issued a $280.00 target price on shares of Capital One Financial in a report on Tuesday, December 16th. UBS Group dropped their price target on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Finally, Truist Financial raised their price objective on shares of Capital One Financial from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $267.45.

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.