Legacy Advisors LLC Grows Stock Holdings in Capital One Financial Corporation (NYSE:COF)

Legacy Advisors LLC lifted its position in shares of Capital One Financial Corporation (NYSE:COF) by 40.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,644 shares of the financial services provider’s stock after buying an additional 471 shares during the quarter. Legacy Advisors LLC’s holdings in Capital One Financial were worth $295,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of COF. Norges Bank purchased a new position in shares of Capital One Financial during the 4th quarter valued at $590,279,000. Lone Pine Capital LLC purchased a new stake in Capital One Financial in the 4th quarter worth $577,012,000. Egerton Capital UK LLP purchased a new stake in Capital One Financial in the 4th quarter worth $279,159,000. FMR LLC lifted its stake in Capital One Financial by 21.6% in the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock worth $1,440,449,000 after purchasing an additional 1,436,935 shares in the last quarter. Finally, Meritage Group LP purchased a new stake in Capital One Financial in the 4th quarter worth $227,662,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.9%

Shares of NYSE COF opened at $208.16 on Thursday. The firm’s 50-day moving average price is $190.27 and its 200-day moving average price is $186.04. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $79.76 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 0.96 and a beta of 1.13. Capital One Financial Corporation has a 12-month low of $128.23 and a 12-month high of $210.67.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.75 by $0.31. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. On average, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were issued a dividend of $0.60 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.15%. Capital One Financial’s payout ratio is 20.15%.

Analysts Set New Price Targets

COF has been the topic of several research analyst reports. Barclays boosted their price target on shares of Capital One Financial from $212.00 to $253.00 and gave the stock an “overweight” rating in a research note on Monday. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price target on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Citigroup decreased their price target on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Finally, Truist Financial boosted their price target on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $213.00.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 9,560 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the transaction, the insider now directly owns 20,089 shares in the company, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the transaction, the director now owns 56,244 shares in the company, valued at $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Capital One Financial Company 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.