Capital One Financial Corporation $COF Shares Purchased by Nilsine Partners LLC

Nilsine Partners LLC raised its stake in shares of Capital One Financial Corporation (NYSE:COF) by 87.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,642 shares of the financial services provider’s stock after acquiring an additional 7,773 shares during the quarter. Nilsine Partners LLC’s holdings in Capital One Financial were worth $3,339,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Capital One Financial by 0.5% during the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock worth $10,242,628,000 after purchasing an additional 236,643 shares during the last quarter. Franklin Resources Inc. grew its stake in Capital One Financial by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after purchasing an additional 638,158 shares in the last quarter. Morgan Stanley increased its holdings in Capital One Financial by 3.9% in the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock valued at $2,103,196,000 after buying an additional 323,350 shares during the last quarter. Norges Bank bought a new stake in Capital One Financial in the fourth quarter valued at about $2,089,803,000. Finally, Viking Global Investors LP increased its holdings in Capital One Financial by 30.3% in the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after buying an additional 1,717,148 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Price Performance

COF opened at $219.43 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $211.80 and its 200 day moving average price is $198.07. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The firm has a market cap of $134.62 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.Capital One Financial’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.48 earnings per share. As a group, sell-side analysts expect that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Insider Buying and Selling at Capital One Financial

In related news, insider Lia Dean sold 2,193 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the transaction, the insider owned 63,261 shares in the company, valued at $14,266,620.72. The trade was a 3.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the transaction, the insider owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 29,767 shares of company stock worth $6,366,998. 0.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of research analyst reports. Weiss Ratings raised Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Bank of America decreased their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Piper Sandler initiated coverage on Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 price target on the stock. Finally, UBS Group lifted their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $258.91.

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.