Thrivent Financial for Lutherans Buys 75,351 Shares of Capital One Financial Corporation $COF

Thrivent Financial for Lutherans lifted its position in Capital One Financial Corporation (NYSE:COF) by 8.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,021,964 shares of the financial services provider’s stock after purchasing an additional 75,351 shares during the period. Thrivent Financial for Lutherans’ holdings in Capital One Financial were worth $217,249,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Earned Wealth Advisors LLC bought a new stake in Capital One Financial in the 2nd quarter valued at $254,000. Cortland Associates Inc. MO purchased a new stake in shares of Capital One Financial in the 3rd quarter valued at $14,391,000. CIBC Asset Management Inc raised its position in shares of Capital One Financial by 53.9% in the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after acquiring an additional 30,991 shares during the period. Montecito Bank & Trust acquired a new stake in shares of Capital One Financial in the third quarter worth approximately $647,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Capital One Financial by 58.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 36,685 shares of the financial services provider’s stock valued at $7,798,000 after purchasing an additional 13,539 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Zacks Research cut shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Truist Financial lowered their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. BTIG Research lowered their target price on Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods increased their target price on Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $274.70.

Insider Activity

In other Capital One Financial news, insider Frank G. LapradeIii sold 17,840 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the transaction, the insider owned 48,315 shares of the company’s stock, valued at approximately $10,727,379.45. This represents a 26.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the transaction, the chief executive officer owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. This represents a 2.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 195,409 shares of company stock worth $43,756,821. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF opened at $218.97 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $234.82 and a 200 day moving average price of $223.36. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64. The firm has a market capitalization of $139.21 billion, a PE ratio of 73.98, a P/E/G ratio of 0.65 and a beta of 1.13.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The company had revenue of $15.62 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same period in the prior year, the business earned $2.67 earnings per share. The business’s revenue was up 53.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a $0.80 dividend. 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 1.5%. The ex-dividend date of this dividend was Monday, November 17th. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

Capital One Financial 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.