Cypress Capital Group Has $357,000 Stake in Capital One Financial Corporation $COF

Cypress Capital Group grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 6.3% in the second quarter, HoldingsChannel.com reports. The firm owned 1,676 shares of the financial services provider’s stock after purchasing an additional 100 shares during the period. Cypress Capital Group’s holdings in Capital One Financial were worth $357,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of COF. Stephens Consulting LLC grew its holdings in Capital One Financial by 307.8% during the second quarter. Stephens Consulting LLC now owns 473 shares of the financial services provider’s stock worth $101,000 after buying an additional 357 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Capital One Financial by 38,400.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 6,160 shares of the financial services provider’s stock worth $1,311,000 after acquiring an additional 6,144 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of Capital One Financial in the 2nd quarter worth $416,000. LRI Investments LLC raised its holdings in shares of Capital One Financial by 73.7% in the second quarter. LRI Investments LLC now owns 3,866 shares of the financial services provider’s stock valued at $823,000 after purchasing an additional 1,640 shares during the last quarter. Finally, Alta Advisers Ltd lifted its position in shares of Capital One Financial by 71.0% during the second quarter. Alta Advisers Ltd now owns 3,556 shares of the financial services provider’s stock valued at $757,000 after purchasing an additional 1,477 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

NYSE COF opened at $207.55 on Tuesday. 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 cap of $132.73 billion, a PE ratio of 106.44, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The firm’s 50-day simple moving average is $218.96 and its two-hundred day simple moving average is $202.67.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. Capital One Financial’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.14 EPS. Research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued 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 1.2%. Capital One Financial’s payout ratio is presently 123.08%.

Insider Buying and Selling

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,298 shares of company stock worth $5,103,824. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on COF shares. Keefe, Bruyette & Woods increased their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. TD Cowen lifted their price target on Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, October 6th. HSBC set a $218.00 price objective on Capital One Financial and gave the stock a “hold” rating in a research report on Friday. Truist Financial raised their target price on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Wells Fargo & Company boosted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $252.78.

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.