Allstate Corp Has $11.53 Million Holdings in Capital One Financial Corporation $COF

Allstate Corp lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 101.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,581 shares of the financial services provider’s stock after buying an additional 23,973 shares during the period. Allstate Corp’s holdings in Capital One Financial were worth $11,532,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Meridian Wealth Management LLC increased its holdings in Capital One Financial by 334.8% in the third quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock valued at $1,999,000 after purchasing an additional 7,241 shares during the period. National Pension Service increased its holdings in Capital One Financial by 4.0% in the third quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock valued at $330,081,000 after purchasing an additional 59,100 shares during the period. Jones Financial Companies Lllp increased its holdings in Capital One Financial by 17.3% in the third quarter. Jones Financial Companies Lllp now owns 129,013 shares of the financial services provider’s stock valued at $28,861,000 after purchasing an additional 19,059 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in Capital One Financial by 58.5% in the third 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 period. Finally, Victory Capital Management Inc. increased its holdings in Capital One Financial by 16.6% in the third quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock valued at $80,451,000 after purchasing an additional 53,961 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Rothschild & Co Redburn decreased their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Truist Financial decreased their price objective on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Evercore decreased their price objective on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a report on Monday, April 6th. TD Cowen decreased their price objective on Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Finally, Jefferies Financial Group restated a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a report on Monday, March 16th. Seventeen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.75.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $187.80 on Tuesday. 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 business has a 50-day moving average price of $188.57 and a two-hundred day moving average price of $210.17. Capital One Financial Corporation has a 1-year low of $174.98 and a 1-year high of $259.64. The company has a market cap of $116.87 billion, a P/E ratio of 65.90, a PEG ratio of 0.69 and a beta of 1.05.

Capital One Financial (NYSE:COF) last issued 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). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. During the same quarter in the previous year, the business posted $4.06 earnings per share. The business’s revenue was up 52.3% on a year-over-year basis. As a group, analysts anticipate that Capital One Financial Corporation will post 19.17 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, May 19th. Capital One Financial’s dividend payout ratio (DPR) is presently 112.28%.

Insiders Place Their Bets

In other Capital One Financial news, insider Lia Dean sold 1,692 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the sale, the insider directly owned 65,454 shares in the company, valued at approximately $12,148,916.94. This trade represents a 2.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the transaction, the insider directly owned 61,579 shares in the company, valued at $11,858,883.82. This trade represents 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. In the last 90 days, insiders have sold 11,769 shares of company stock valued at $2,263,060. 0.78% of the stock is currently owned by insiders.

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.