First Trust Advisors LP Raises Holdings in Capital One Financial Corporation $COF

First Trust Advisors LP lifted its position in shares of Capital One Financial Corporation (NYSE:COF) by 11.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 176,319 shares of the financial services provider’s stock after acquiring an additional 18,234 shares during the quarter. First Trust Advisors LP’s holdings in Capital One Financial were worth $37,514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in COF. Moisand Fitzgerald Tamayo LLC increased its position in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares during the period. Olistico Wealth LLC lifted its position in shares of Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Capital One Financial by 66.7% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. RMG Wealth Management LLC purchased a new position in Capital One Financial during the second quarter valued at approximately $27,000. Finally, Solstein Capital LLC bought a new position in Capital One Financial in the second quarter worth approximately $28,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Performance

COF opened at $230.74 on Wednesday. The company has a market cap of $146.69 billion, a P/E ratio of 97.36, a price-to-earnings-growth ratio of 0.55 and a beta of 1.16. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $216.33 and its 200-day moving average price is $214.22. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $234.97.

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

Capital One Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a dividend of $0.80 per share. The ex-dividend date was Monday, November 17th. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. Capital One Financial’s payout ratio is presently 135.02%.

Insider Activity

In related news, insider Neal Blinde sold 43,200 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the transaction, the insider directly owned 73,020 shares of the company’s stock, valued at $16,198,026.60. This represents a 37.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lia Dean sold 3,269 shares of Capital One Financial stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $713,132.35. Following the sale, the insider directly owned 69,855 shares of the company’s stock, valued at approximately $15,238,868.25. This represents a 4.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 280,218 shares of company stock valued at $62,395,804. 1.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Truist Financial increased their target price on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Robert W. Baird raised their price objective on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Zacks Research lowered shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $262.05.

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.