Capital One Financial Corporation $COF Shares Purchased by Westpac Banking Corp

Westpac Banking Corp boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 178.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,079 shares of the financial services provider’s stock after purchasing an additional 27,612 shares during the period. Westpac Banking Corp’s holdings in Capital One Financial were worth $9,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Kingstone Capital Partners Texas LLC boosted its stake in shares of Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after buying an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. raised its position in Capital One Financial by 1.6% during the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock valued at $5,782,590,000 after acquiring an additional 506,105 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after acquiring an additional 5,474,328 shares during the period. Bank of New York Mellon Corp boosted its position in Capital One Financial by 41.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock worth $1,491,676,000 after purchasing an additional 2,050,010 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Capital One Financial by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $854,647,000 after purchasing an additional 734,939 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Down 2.8%

Shares of COF opened at $210.74 on Friday. The stock has a 50 day moving average price of $218.70 and a 200 day moving average price of $210.96. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $133.97 billion, a price-to-earnings ratio of 88.92, a PEG ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last announced its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company had revenue of $15.46 billion for the quarter. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is currently 135.02%.

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total transaction of $438,820.00. Following the transaction, the general counsel owned 96,486 shares of the company’s stock, valued at approximately $21,169,993.26. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 256,380 shares of company stock valued at $57,129,478. 1.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Morgan Stanley upped their price objective on shares of Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company raised their target price on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a report on Thursday. Finally, Zacks Research raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Four analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

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.