Smith Moore & CO. Buys Shares of 3,522 Capital One Financial Corporation $COF

Smith Moore & CO. purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,522 shares of the financial services provider’s stock, valued at approximately $749,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Earned Wealth Advisors LLC bought a new stake in shares of Capital One Financial in the 2nd quarter valued at about $254,000. Plancorp LLC acquired a new position in Capital One Financial during the second quarter valued at approximately $272,000. Smith Chas P & Associates PA Cpas increased its stake in Capital One Financial by 1,490.0% in the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock valued at $9,252,000 after purchasing an additional 40,751 shares in the last quarter. Callodine Capital Management LP raised its holdings in Capital One Financial by 200.0% in the first quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock worth $26,895,000 after purchasing an additional 100,000 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its position in shares of Capital One Financial by 111.8% during the second quarter. Flagship Harbor Advisors LLC now owns 2,510 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 1,325 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Shares of COF opened at $220.27 on Tuesday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The firm has a fifty day simple moving average of $215.45 and a 200 day simple moving average of $212.66. The stock has a market capitalization of $140.03 billion, a price-to-earnings ratio of 92.94, a PEG ratio of 0.70 and a beta of 1.19. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last issued its quarterly 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 firm had revenue of $15.46 billion for the quarter. Research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.5%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, November 17th. Capital One Financial’s payout ratio is currently 135.02%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Truist Financial upped their price objective 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. Robert W. Baird lifted their price objective on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Citigroup lifted their price target on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Barclays upped their price target on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, Cowen restated a “buy” rating on shares of Capital One Financial in a report on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $261.63.

Insider Buying and Selling

In other Capital One Financial news, insider Neal Blinde sold 43,200 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the sale, the insider directly owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This represents a 37.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Frank G. LapradeIii sold 17,840 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the completion of the transaction, the insider owned 48,315 shares in the company, valued at approximately $10,727,379.45. This represents a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 272,013 shares of company stock valued at $60,599,103 in the last ninety days. 1.26% of the stock is owned by company insiders.

About Capital One Financial

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.