Capital One Financial Corporation $COF Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,830 shares of the financial services provider’s stock after purchasing an additional 4,073 shares during the period. DAVENPORT & Co LLC’s holdings in Capital One Financial were worth $18,621,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COF. Strive Asset Management LLC acquired a new stake in shares of Capital One Financial during the third quarter valued at about $28,000. Howard Hughes Medical Institute purchased a new stake in shares of Capital One Financial during the second quarter worth about $29,000. WFA of San Diego LLC acquired a new position in shares of Capital One Financial in the second quarter worth about $32,000. Crowley Wealth Management Inc. acquired a new position in shares of Capital One Financial in the third quarter worth about $33,000. Finally, Adalta Capital Management LLC purchased a new position in Capital One Financial in the third quarter valued at about $38,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 2,108 shares of Capital One Financial stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the transaction, the insider directly owned 59,269 shares in the company, valued at $12,935,459.25. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lia Dean sold 3,284 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total value of $734,565.12. Following the transaction, the insider directly owned 70,162 shares of the company’s stock, valued at $15,693,836.16. This trade represents a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 67,933 shares of company stock valued at $14,363,897 over the last ninety days. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Up 0.3%

COF stock opened at $185.25 on Thursday. The firm has a market cap of $115.21 billion, a price-to-earnings ratio of 62.58, a PEG ratio of 0.55 and a beta of 1.14. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64. The firm has a fifty day moving average price of $205.47 and a two-hundred day moving average price of $218.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.

Capital One Financial (NYSE:COFGet Free Report) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The business had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the previous year, the business posted $2.67 earnings per share. The company’s quarterly revenue was up 53.3% compared to the same quarter last year. Research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were paid a dividend of $0.80 per share. The ex-dividend date was Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.7%. Capital One Financial’s dividend payout ratio is 108.11%.

Key Headlines Impacting Capital One Financial

Here are the key news stories impacting Capital One Financial this week:

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $275.00 price objective on shares of Capital One Financial in a research note on Monday, January 12th. Wells Fargo & Company increased their target price on Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Truist Financial decreased their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Keefe, Bruyette & Woods lifted their price target on shares of Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $275.95.

Read Our Latest Stock Report on Capital One Financial

About Capital One Financial

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COFFree Report).

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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