Capital One Financial Corporation $COF Shares Bought by Busey Bank

Busey Bank grew its holdings in Capital One Financial Corporation (NYSE:COF) by 3.0% during the first quarter, HoldingsChannel reports. The firm owned 99,761 shares of the financial services provider’s stock after acquiring an additional 2,887 shares during the period. Busey Bank’s holdings in Capital One Financial were worth $18,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evolution Wealth Management Inc. lifted its position in Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in Capital One Financial in the 4th quarter valued at $27,000. Cherry Tree Wealth Management LLC increased its stake in shares of Capital One Financial by 1,312.5% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 105 shares during the last quarter. Strive Asset Management LLC acquired a new stake in shares of Capital One Financial in the 3rd quarter worth $28,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Capital One Financial during the 4th quarter worth $29,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the sale, the general counsel owned 97,194 shares in the company, valued at approximately $17,876,892.42. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the sale, the insider directly owned 61,579 shares in the company, valued at approximately $11,858,883.82. The trade was a 2.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.78% of the stock is currently owned by company insiders.

Capital One Financial Stock Down 0.1%

Shares of COF opened at $204.94 on Monday. The company’s 50-day moving average price is $191.12 and its 200 day moving average price is $204.59. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm has a market cap of $127.53 billion, a P/E ratio of 71.91, a price-to-earnings-growth ratio of 0.74 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The company had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. Capital One Financial’s revenue was up 52.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.06 earnings per share. On average, sell-side analysts forecast that Capital One Financial Corporation will post 19.53 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is presently 112.28%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BTIG Research boosted their price target on shares of Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Truist Financial reduced their target price on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Wells Fargo & Company decreased their target price on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.19.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.