Capital One Financial Corporation $COF Shares Acquired by Riversedge Advisors LLC

Riversedge Advisors LLC boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 245.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,308 shares of the financial services provider’s stock after buying an additional 8,747 shares during the period. Riversedge Advisors LLC’s holdings in Capital One Financial were worth $2,376,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of Capital One Financial by 107.9% during the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after purchasing an additional 29,724,829 shares in the last quarter. BlackRock Inc. boosted its position in shares of Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after acquiring an additional 236,643 shares in the last quarter. Bank of America Corp DE bought a new stake in Capital One Financial in the second quarter valued at about $1,435,311,000. Wellington Management Group LLP raised its position in Capital One Financial by 36.2% in the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after purchasing an additional 1,887,497 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Capital One Financial by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock worth $1,127,733,000 after purchasing an additional 187,532 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on COF. Bank of America lowered their price target on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. BTIG Research lifted their price target on shares of Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Weiss Ratings cut shares of Capital One Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Piper Sandler lifted their target price on shares of Capital One Financial from $254.00 to $260.00 and gave the company an “overweight” rating in a research note on Monday, September 28th. Finally, UBS Group lifted their price objective on Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Twenty equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $256.09.

Insider Buying and Selling

In other news, insider Celia Karam sold 2,017 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total value of $415,643.19. Following the transaction, the insider directly owned 57,696 shares of the company’s stock, valued at $11,889,414.72. This represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the sale, the insider owned 27,992 shares of the company’s stock, valued at $6,102,815.84. This trade represents a 16.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 33,850 shares of company stock valued at $7,167,152. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Trading Up 0.1%

Shares of Capital One Financial stock traded up $0.20 on Friday, hitting $199.60. 1,143,040 shares of the company’s stock traded hands, compared to its average volume of 4,644,855. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. 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 stock has a market capitalization of $122.45 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. The firm’s 50-day moving average price is $210.37 and its two-hundred day moving average price is $199.66.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company’s revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the business earned $5.48 earnings per share. On average, research analysts expect that Capital One Financial Corporation will post 20.33 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, August 17th. Capital One Financial’s dividend payout ratio is 19.80%.

About Capital One Financial

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.