SageView Advisory Group LLC Raises Holdings in Capital One Financial Corporation $COF

SageView Advisory Group LLC lifted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,860 shares of the financial services provider’s stock after buying an additional 233 shares during the period. SageView Advisory Group LLC’s holdings in Capital One Financial were worth $1,409,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. WPG Advisers LLC acquired a new stake in shares of Capital One Financial in the 1st quarter worth approximately $25,000. Saudi Central Bank acquired a new stake in shares of Capital One Financial in the 1st quarter worth approximately $27,000. Beacon Capital Management LLC grew its holdings in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 97 shares during the period. Motco grew its holdings in shares of Capital One Financial by 115.1% in the 1st quarter. Motco now owns 256 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 137 shares during the period. Finally, Bogart Wealth LLC grew its holdings in shares of Capital One Financial by 1,518.8% in the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 243 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COF. Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Citigroup upped their price target on Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. TD Cowen upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Truist Financial upped their price target on Capital One Financial from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Finally, Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $238.81.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $223.63 on Thursday. The company has a market cap of $143.01 billion, a PE ratio of 114.68, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a 12 month low of $132.61 and a 12 month high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50-day simple moving average of $217.77 and a 200-day simple moving average of $196.12.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.14 earnings per share. On average, equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s dividend payout ratio is 123.08%.

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.