HighTower Advisors LLC Has $76.82 Million Position in Capital One Financial Corporation $COF

HighTower Advisors LLC boosted its position in Capital One Financial Corporation (NYSE:COF) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 382,910 shares of the financial services provider’s stock after purchasing an additional 5,944 shares during the quarter. HighTower Advisors LLC owned about 0.06% of Capital One Financial worth $76,819,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. grew its position in shares of Capital One Financial by 4.5% during the 4th quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 46 shares during the period. High Note Wealth LLC lifted its stake in Capital One Financial by 44.9% in the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 48 shares during the last quarter. Fiducient Advisors LLC lifted its stake in Capital One Financial by 4.2% in the fourth quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 48 shares during the last quarter. Allen Capital Group LLC grew its holdings in Capital One Financial by 4.2% during the fourth quarter. Allen Capital Group LLC now owns 1,230 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 50 shares during the period. Finally, Zhang Financial LLC increased its position in Capital One Financial by 1.7% in the fourth quarter. Zhang Financial LLC now owns 3,050 shares of the financial services provider’s stock worth $739,000 after buying an additional 50 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other news, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the sale, the insider directly owned 63,261 shares in the company, valued at $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. This represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 29,767 shares of company stock worth $6,366,998. 0.78% of the stock is owned by corporate insiders.

Capital One Financial Price Performance

Capital One Financial stock opened at $219.43 on Tuesday. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The business has a fifty day moving average price of $212.15 and a 200-day moving average price of $198.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $134.62 billion, a P/E ratio of 13.58, a PEG ratio of 0.81 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same period in the previous year, the business earned $5.48 earnings per share. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. As a group, equities research analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.80 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

Analysts Set New Price Targets

Several analysts have issued reports on COF shares. UBS Group boosted their target price on Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Citigroup decreased their price objective on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Wolfe Research boosted their price objective on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Bank of America dropped their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, TD Cowen cut their target price on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $258.91.

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.