Cooper Financial Group Has $1.30 Million Position in Capital One Financial Corporation $COF

Cooper Financial Group lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 9.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,131 shares of the financial services provider’s stock after selling 673 shares during the period. Cooper Financial Group’s holdings in Capital One Financial were worth $1,304,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in COF. Brighton Jones LLC raised its position in Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 10,428 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Capital One Financial by 14.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,230 shares of the financial services provider’s stock worth $4,677,000 after purchasing an additional 3,226 shares in the last quarter. NBC Securities Inc. acquired a new position in Capital One Financial in the first quarter worth about $142,000. Merit Financial Group LLC raised its position in Capital One Financial by 56.1% in the first quarter. Merit Financial Group LLC now owns 6,142 shares of the financial services provider’s stock worth $1,101,000 after purchasing an additional 2,207 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its position in Capital One Financial by 1,297.4% in the first quarter. Whipplewood Advisors LLC now owns 1,090 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 1,012 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel directly owned 100,486 shares of the company’s stock, valued at $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Timothy P. Golden sold 207 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the transaction, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock valued at $4,679,844 over the last three months. 1.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on COF shares. Morgan Stanley increased their price target on shares of Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a research report on Monday. Truist Financial increased their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Royal Bank Of Canada upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.29.

Capital One Financial Price Performance

COF opened at $212.50 on Wednesday. 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 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50 day simple moving average is $219.34 and its 200-day simple moving average is $200.23. The stock has a market capitalization of $135.90 billion, a P/E ratio of 108.97, a price-to-earnings-growth ratio of 0.86 and a beta of 1.17.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period last year, the company earned $3.14 earnings per share. Capital One Financial’s revenue for the quarter was up 31.4% compared to the same quarter last year. Sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

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

Capital One Financial Company Profile

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.