Wellington Management Group LLP Acquires 1,887,497 Shares of Capital One Financial Corporation $COF

Wellington Management Group LLP boosted its holdings in Capital One Financial Corporation (NYSE:COF) by 36.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,108,112 shares of the financial services provider’s stock after buying an additional 1,887,497 shares during the period. Wellington Management Group LLP owned approximately 1.16% of Capital One Financial worth $1,426,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Capital One Financial by 0.5% in the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock worth $10,242,628,000 after acquiring an additional 236,643 shares during the period. Franklin Resources Inc. raised its stake in shares of Capital One Financial by 5.4% during the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock valued at $3,023,795,000 after purchasing an additional 638,158 shares during the period. Morgan Stanley raised its stake in shares of Capital One Financial by 3.9% during the 4th quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock valued at $2,103,196,000 after purchasing an additional 323,350 shares during the period. Norges Bank purchased a new stake in Capital One Financial during the 4th quarter worth about $2,089,803,000. Finally, Davis Selected Advisers boosted its stake in Capital One Financial by 2.8% in the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after purchasing an additional 234,649 shares during the period. Institutional investors own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction that occurred 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 completion of the sale, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of Capital One Financial stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $494,565.36. Following the sale, the insider owned 63,261 shares of the company’s stock, valued at approximately $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,267 shares of company stock valued at $5,617,648 in the last ninety days. Insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

NYSE:COF opened at $215.81 on Friday. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The stock has a fifty day moving average of $210.32 and a 200 day moving average of $198.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $132.40 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 0.80 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same period in the prior year, the company earned $5.48 EPS. The company’s quarterly revenue was up 26.9% compared to the same quarter last year. On average, research analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s payout ratio is presently 19.80%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on COF. Piper Sandler began coverage on Capital One Financial in a report on Monday, June 29th. They set an “overweight” rating and a $254.00 target price for the company. Bank of America lowered their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Capital One Financial in a research report on Thursday, August 20th. Wolfe Research boosted their price objective on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, BTIG Research upped their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $258.91.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.