CVA Family Office LLC Raises Holdings in Capital One Financial Corporation $COF

CVA Family Office LLC boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 52.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,199 shares of the financial services provider’s stock after acquiring an additional 753 shares during the quarter. CVA Family Office LLC’s holdings in Capital One Financial were worth $468,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of COF. Kingstone Capital Partners Texas LLC increased its holdings in shares of Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. grew its position in Capital One Financial by 1.6% during the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock valued at $5,782,590,000 after buying an additional 506,105 shares during the period. Bank of New York Mellon Corp increased its holdings in Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock valued at $889,519,000 after buying an additional 950,415 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $854,647,000 after acquiring an additional 734,939 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Capital One Financial by 45.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock worth $838,609,000 after acquiring an additional 1,454,595 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 5,515 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,184 shares of company stock valued at $2,799,248 in the last three months. 1.26% of the stock is currently owned by insiders.

Capital One Financial Stock Up 2.2%

Shares of NYSE COF opened at $224.93 on Friday. The stock has a market cap of $143.85 billion, a PE ratio of 94.91, a P/E/G ratio of 0.78 and a beta of 1.18. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The company has a 50-day moving average of $219.38 and a 200 day moving average of $205.63.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, topping the consensus estimate of $4.25 by $1.70. The business had revenue of $15.36 billion for the quarter, compared to analysts’ expectations of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.51 EPS. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio is presently 101.27%.

Analyst Ratings Changes

COF has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a report on Wednesday. Truist Financial lifted their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Evercore ISI upped their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $260.79.

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.