Stokes Family Office LLC Grows Stock Position in Capital One Financial Corporation $COF

Stokes Family Office LLC lifted its stake in Capital One Financial Corporation (NYSE:COF) by 12.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,242 shares of the financial services provider’s stock after buying an additional 248 shares during the quarter. Stokes Family Office LLC’s holdings in Capital One Financial were worth $477,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of COF. Kingstone Capital Partners Texas LLC grew its stake in shares of Capital One Financial by 588,668.3% during the 2nd 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. Vanguard Group Inc. grew its position in Capital One Financial by 1.6% during the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock valued at $5,782,590,000 after buying an additional 506,105 shares during the period. Bank of New York Mellon Corp increased its holdings 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 buying an additional 2,050,010 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $854,647,000 after acquiring an additional 734,939 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Capital One Financial by 45.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock valued at $838,609,000 after acquiring an additional 1,454,595 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

NYSE:COF opened at $217.83 on Friday. The company has a market cap of $139.31 billion, a P/E ratio of 91.91, a P/E/G ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company’s 50-day moving average price is $219.28 and its 200-day moving average price is $209.43. 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 released its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company had revenue of $15.46 billion during the quarter. On average, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be issued a $0.80 dividend. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s payout ratio is 101.27%.

Analysts Set New Price Targets

COF has been the topic of several research analyst reports. Royal Bank Of Canada raised their price objective on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. BTIG Research reissued a “buy” rating and issued a $264.00 price target on shares of Capital One Financial in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group increased their price objective on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Zacks Research upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Four equities 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 company. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction dated 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 owned 96,486 shares of the company’s stock, valued at approximately $21,169,993.26. The trade was a 2.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard D. Fairbank sold 103,487 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the completion of the sale, the chief executive officer directly owned 4,001,228 shares of the company’s stock, valued at $882,990,995.04. This represents a 2.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 259,842 shares of company stock worth $57,857,467. 1.26% of the stock is owned by corporate 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.