Capital One Financial Corporation $COF Shares Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lifted its holdings in Capital One Financial Corporation (NYSE:COF) by 9,852.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 186,107 shares of the financial services provider’s stock after buying an additional 184,237 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Capital One Financial were worth $39,596,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of Capital One Financial in the 1st quarter worth about $25,000. Saudi Central Bank bought a new position in shares of Capital One Financial in the 1st quarter worth about $27,000. Beacon Capital Management LLC lifted its position in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock worth $32,000 after buying an additional 97 shares during the last quarter. Nova Wealth Management Inc. lifted its position in shares of Capital One Financial by 629.6% in the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider’s stock worth $42,000 after buying an additional 170 shares during the last quarter. Finally, Motco lifted its position in shares of Capital One Financial by 115.1% in the 1st quarter. Motco now owns 256 shares of the financial services provider’s stock worth $46,000 after buying an additional 137 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on COF shares. Truist Financial lifted 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. Wells Fargo & Company lifted their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Royal Bank Of Canada lifted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. Redburn Atlantic upgraded shares of Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Finally, TD Cowen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $239.44.

Capital One Financial Stock Performance

COF stock opened at $224.34 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $143.47 billion, a price-to-earnings ratio of 115.05, a P/E/G ratio of 0.88 and a beta of 1.17. Capital One Financial Corporation has a 12 month low of $140.93 and a 12 month high of $232.45. The firm has a 50 day moving average of $218.19 and a two-hundred day moving average of $196.86.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the previous year, the firm posted $3.14 earnings per share. Capital One Financial’s quarterly revenue was up 31.4% compared to the same quarter last year. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial’s payout ratio is 123.08%.

Insider Activity at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares of the company’s stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is owned by insiders.

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.