Capital One Financial Corporation $COF Shares Purchased by KBC Group NV

KBC Group NV boosted its position in Capital One Financial Corporation (NYSE:COF) by 68.0% in the 2nd quarter, Holdings Channel reports. The firm owned 1,434,107 shares of the financial services provider’s stock after acquiring an additional 580,267 shares during the quarter. Capital One Financial accounts for about 0.8% of KBC Group NV’s portfolio, making the stock its 15th largest position. KBC Group NV’s holdings in Capital One Financial were worth $305,121,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Earned Wealth Advisors LLC purchased a new stake in shares of Capital One Financial in the second quarter valued at about $254,000. Plancorp LLC acquired a new position in Capital One Financial in the 2nd quarter valued at about $272,000. Private Advisor Group LLC grew its stake in shares of Capital One Financial by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock valued at $1,776,000 after buying an additional 1,312 shares during the period. Smith Chas P & Associates PA Cpas increased its holdings in shares of Capital One Financial by 1,490.0% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock worth $9,252,000 after buying an additional 40,751 shares during the last quarter. Finally, Callodine Capital Management LP raised its position in shares of Capital One Financial by 200.0% during the 1st quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock valued at $26,895,000 after buying an additional 100,000 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 43,200 shares of Capital One Financial stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the sale, the insider owned 73,020 shares of the company’s stock, valued at $16,198,026.60. This trade represents a 37.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard D. Fairbank sold 103,487 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the completion of the transaction, the chief executive officer directly owned 4,001,228 shares in the company, valued at $882,990,995.04. This trade represents a 2.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 256,380 shares of company stock worth $57,129,478 in the last quarter. 1.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

COF has been the subject of a number of research reports. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Morgan Stanley raised their target price on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. BTIG Research reaffirmed a “buy” rating and issued a $264.00 target price on shares of Capital One Financial in a research report on Wednesday, October 22nd. Wolfe Research boosted their price target on shares of Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Barclays increased their price target on shares of Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $261.63.

Capital One Financial Trading Up 0.1%

Capital One Financial stock opened at $220.66 on Wednesday. The firm has a market capitalization of $140.28 billion, a price-to-earnings ratio of 93.11, a P/E/G ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50 day moving average price of $219.08 and a 200 day moving average price of $210.45.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The company had revenue of $15.46 billion for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. Research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a $0.80 dividend. The ex-dividend date is Monday, November 17th. This represents a $3.20 annualized dividend and a yield of 1.5%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is currently 135.02%.

Capital One Financial 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.