Capital One Financial Corporation $COF Shares Bought by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC lifted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,726 shares of the financial services provider’s stock after purchasing an additional 6,841 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Capital One Financial were worth $21,813,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Norges Bank acquired a new stake in shares of Capital One Financial in the fourth quarter worth approximately $2,089,803,000. Viking Global Investors LP increased its position in Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after purchasing an additional 1,717,148 shares during the last quarter. Bessemer Group Inc. increased its position in Capital One Financial by 7,143.2% during the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock worth $350,966,000 after purchasing an additional 1,428,133 shares during the last quarter. AQR Capital Management LLC raised its stake in Capital One Financial by 64.9% during the fourth quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock worth $815,951,000 after purchasing an additional 1,324,845 shares during the period. Finally, Amundi raised its stake in Capital One Financial by 41.5% during the first quarter. Amundi now owns 3,067,354 shares of the financial services provider’s stock worth $559,577,000 after purchasing an additional 899,409 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on COF shares. Argus lowered their price objective on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Bank of America reduced their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Truist Financial reduced their price objective on 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. Finally, Rothschild & Co Redburn decreased their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Twenty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.36.

Capital One Financial Stock Performance

Shares of COF stock opened at $217.54 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The company’s fifty day moving average price is $200.92 and its two-hundred day moving average price is $198.49. The firm has a market capitalization of $133.46 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.81 and a beta of 1.02. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same period last year, the firm earned $5.48 earnings per share. The company’s revenue was up 26.9% on a year-over-year basis. On average, research analysts anticipate that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the sale, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. The trade was a 26.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the transaction, the general counsel directly owned 90,194 shares in the company, valued at approximately $18,760,352. The trade was a 3.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,213 shares of company stock worth $4,147,832 in the last 90 days. 0.78% of the stock is owned by corporate 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.