7,796 Shares in Capital One Financial Corporation $COF Bought by Stenger Family Office LLC

Stenger Family Office LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, Holdings Channel reports. The firm acquired 7,796 shares of the financial services provider’s stock, valued at approximately $1,678,000.

Other large investors have also recently made changes to their positions in the company. Earned Wealth Advisors LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth about $254,000. Plancorp LLC purchased a new position in Capital One Financial during the 2nd quarter valued at $272,000. Smith Chas P & Associates PA Cpas increased its stake in Capital One Financial by 1,490.0% in the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock worth $9,252,000 after purchasing an additional 40,751 shares during the period. Callodine Capital Management LP lifted its position in shares of Capital One Financial by 200.0% during the first quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock worth $26,895,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of Capital One Financial by 111.8% in the second quarter. Flagship Harbor Advisors LLC now owns 2,510 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 1,325 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on COF. Truist Financial boosted their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Morgan Stanley raised their price objective on Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Citigroup lifted their target price on Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. HSBC raised their price target on Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upped 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 note on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $231.37 on Friday. The company has a market capitalization of $147.09 billion, a PE ratio of 97.62, a P/E/G ratio of 0.55 and a beta of 1.16. The company has a 50-day simple moving average of $215.82 and a two-hundred day simple moving average of $213.30. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $233.01. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

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

Capital One Financial Increases Dividend

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

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $222.03, for a total value of $3,961,015.20. Following the completion of the sale, the insider directly owned 48,315 shares in the company, valued at approximately $10,727,379.45. This trade represents a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 dated Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total value of $22,837,511.16. Following the sale, the chief executive officer owned 4,001,228 shares in the company, valued at $882,990,995.04. The trade was a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 280,218 shares of company stock worth $62,395,804 over the last ninety days. Corporate insiders own 1.26% of the company’s stock.

About Capital One Financial

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.