Envestnet Asset Management Inc. Buys 907,803 Shares of Capital One Financial Corporation $COF

Envestnet Asset Management Inc. boosted its stake in Capital One Financial Corporation (NYSE:COF) by 134.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,585,192 shares of the financial services provider’s stock after acquiring an additional 907,803 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Capital One Financial were worth $337,265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in Capital One Financial in the 1st quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC raised its stake in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Olistico Wealth LLC raised its stake in shares of Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares during the last quarter. Saudi Central Bank bought a new position in shares of Capital One Financial during the first quarter valued at $27,000. Finally, RMG Wealth Management LLC bought a new position in shares of Capital One Financial during the second quarter valued at $27,000. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on COF shares. Wells Fargo & Company raised their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a research note on Friday. BTIG Research reaffirmed a “buy” rating and set a $264.00 price target on shares of Capital One Financial in a research note on Wednesday, October 22nd. The Goldman Sachs Group raised their price target on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Truist Financial raised their price target 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. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $261.63.

Capital One Financial Price Performance

Shares of NYSE COF opened at $224.93 on Monday. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The firm has a fifty day simple moving average of $219.38 and a 200 day simple moving average of $205.84. The company has a market capitalization of $143.85 billion, a PE ratio of 94.91, a P/E/G ratio of 0.75 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period last year, the company posted $4.51 earnings per share. On average, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is currently 101.27%.

Insider Activity

In related news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction 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. This trade represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,184 shares of company stock worth $2,799,248 over the last three months. 1.26% of the stock is currently owned by insiders.

Capital One Financial 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.