Everhart Financial Group Inc. Purchases 4,860 Shares of Capital One Financial Corporation $COF

Everhart Financial Group Inc. boosted its position in Capital One Financial Corporation (NYSE:COF) by 90.0% in the 3rd quarter, Holdings Channel reports. The fund owned 10,262 shares of the financial services provider’s stock after purchasing an additional 4,860 shares during the period. Everhart Financial Group Inc.’s holdings in Capital One Financial were worth $1,981,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COF. State Street Corp boosted its stake in Capital One Financial by 107.9% in the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after buying an additional 29,724,829 shares during the last quarter. BlackRock Inc. increased its stake in shares of Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after acquiring an additional 236,643 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Capital One Financial during the 2nd quarter valued at about $1,435,311,000. Wellington Management Group LLP lifted its holdings in shares of Capital One Financial by 36.2% during the 2nd quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after acquiring an additional 1,887,497 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Capital One Financial by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock worth $1,127,733,000 after acquiring an additional 187,532 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Down 0.1%

Shares of NYSE COF traded down $0.17 on Thursday, hitting $195.74. The company had a trading volume of 1,768,357 shares, compared to its average volume of 4,645,195. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The firm has a market capitalization of $120.08 billion, a P/E ratio of 12.12, a PEG ratio of 0.72 and a beta of 1.04. The business has a 50 day moving average of $210.58 and a two-hundred day moving average of $199.53.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the previous year, the company posted $5.48 EPS. As a group, equities research analysts forecast that Capital One Financial Corporation will post 20.32 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, August 17th. Capital One Financial’s payout ratio is presently 19.80%.

Insider Buying and Selling at Capital One Financial

In other news, General Counsel Matthew Cooper sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total value of $749,350.00. Following the completion of the transaction, the general counsel directly owned 83,194 shares in the company, valued at approximately $17,811,835.40. This represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the sale, the insider directly 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 33,850 shares of company stock valued at $7,167,152. 0.78% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on COF. Bank of America lowered their target price on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a report on Thursday, July 9th. BTIG Research lifted their price target on shares of Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Evercore set a $220.00 price objective on Capital One Financial in a report on Thursday, October 1st. Piper Sandler increased their target price on Capital One Financial from $254.00 to $260.00 and gave the stock an “overweight” rating in a research report on Monday, September 28th. Finally, Barclays reduced their target price on Capital One Financial from $240.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $257.77.

About Capital One Financial

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.