Smith Chas P & Associates PA Cpas Has $7.05 Million Position in Capital One Financial Corporation $COF

Smith Chas P & Associates PA Cpas lowered its holdings in Capital One Financial Corporation (NYSE:COF) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,138 shares of the financial services provider’s stock after selling 2,596 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in Capital One Financial were worth $7,049,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its position 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 worth $85,739,000 after buying an additional 54,263 shares during the period. Sculptor Capital LP bought a new stake in Capital One Financial in the first quarter valued at $33,932,000. Nomura Asset Management Co. Ltd. raised its stake in Capital One Financial by 2.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock worth $54,283,000 after acquiring an additional 6,225 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised 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 worth $8,741,000 after acquiring an additional 22,074 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of 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 valued at $340,363,000 after acquiring an additional 113,200 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Piper Sandler began coverage on shares of Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 target price for the company. Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Wolfe Research boosted their price target on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Finally, Citigroup decreased their price objective on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $258.91.

Capital One Financial Price Performance

Shares of COF stock traded up $1.18 during trading hours on Friday, reaching $208.29. 2,539,483 shares of the company were exchanged, compared to its average volume of 4,757,511. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week 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’s fifty day moving average is $212.60 and its two-hundred day moving average is $198.15. The company has a market cap of $127.78 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 0.78 and a beta of 1.02.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. During the same quarter last year, the business posted $5.48 earnings per share. Capital One Financial’s revenue for the quarter was up 26.9% compared to the same quarter last year. Sell-side analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

Insider Buying and Selling

In other news, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction on 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 in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 63,261 shares in the company, valued at $14,266,620.72. This trade represents a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 29,767 shares of company stock worth $6,366,998. 0.78% of the stock is currently owned by company insiders.

About Capital One Financial

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.