SG Americas Securities LLC Acquires 69,085 Shares of Capital One Financial Corporation $COF

SG Americas Securities LLC grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 26.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 332,456 shares of the financial services provider’s stock after purchasing an additional 69,085 shares during the period. SG Americas Securities LLC’s holdings in Capital One Financial were worth $70,733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC increased its position 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 purchasing an additional 117,427,549 shares during the period. Geode Capital Management LLC lifted its position in shares of Capital One Financial by 64.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after buying an additional 5,474,328 shares during the last quarter. Boston Partners bought a new stake in shares of Capital One Financial during the 2nd quarter worth $533,486,000. Diamond Hill Capital Management Inc. acquired a new stake in Capital One Financial in the first quarter valued at about $381,848,000. Finally, Bank of New York Mellon Corp grew its position in Capital One Financial by 41.3% in the second quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock valued at $1,491,676,000 after acquiring an additional 2,050,010 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Down 2.8%

Capital One Financial stock opened at $210.74 on Friday. The firm has a market cap 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 Corporation has a 52-week low of $143.22 and a 52-week 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 firm has a 50 day moving average price of $218.70 and a two-hundred day moving average price of $210.77.

Capital One Financial (NYSE:COF) last released 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 business had revenue of $15.46 billion for the quarter. Equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a dividend of $0.80 per share. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s payout ratio is 135.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Truist Financial raised 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 report on Friday, September 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Morgan Stanley raised their price objective on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. increased their target price on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Four equities research 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $261.63.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total transaction of $438,820.00. Following the transaction, the general counsel directly owned 96,486 shares of the company’s stock, valued at $21,169,993.26. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction 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 sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at approximately $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 three months, insiders have sold 256,380 shares of company stock valued at $57,129,478. Company insiders own 1.26% of the company’s stock.

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.