Corient Private Wealth LP Has $89.27 Million Stock Position in Capital One Financial Corporation $COF

Corient Private Wealth LP lowered its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 12.1% during the second quarter, Holdings Channel reports. The firm owned 444,976 shares of the financial services provider’s stock after selling 61,063 shares during the period. Corient Private Wealth LP’s holdings in Capital One Financial were worth $89,271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. HighTower Advisors LLC increased its holdings in shares of Capital One Financial by 18.1% during the 4th quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock valued at $85,739,000 after acquiring an additional 54,263 shares during the last quarter. Sculptor Capital LP acquired a new position in Capital One Financial during the 1st quarter worth $33,932,000. Nomura Asset Management Co. Ltd. increased its position in Capital One Financial by 2.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock worth $54,283,000 after buying an additional 6,225 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in Capital One Financial by 157.8% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 36,066 shares of the financial services provider’s stock valued at $8,741,000 after acquiring an additional 22,074 shares during the period. Finally, Swiss National Bank boosted its stake in Capital One Financial by 6.5% during the first quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider’s stock worth $340,363,000 after buying an additional 113,200 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a report on Thursday, August 20th. Citigroup reduced their target price on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Finally, BTIG Research lifted their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $258.91.

Insider Activity

In other Capital One Financial news, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares in the company, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the sale, the insider owned 63,261 shares in the company, valued at $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 29,767 shares of company stock valued at $6,366,998. 0.78% of the stock is currently owned by insiders.

Capital One Financial Stock Performance

COF opened at $208.29 on Friday. The business’s 50-day simple moving average is $212.66 and its 200 day simple moving average is $198.22. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The firm has a market capitalization of $127.78 billion, a PE ratio of 12.89, a PEG ratio of 0.76 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02.

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

Capital One Financial Announces Dividend

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

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

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