257,969 Shares in Capital One Financial Corporation $COF Acquired by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. bought a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, Holdings Channel reports. The firm bought 257,969 shares of the financial services provider’s stock, valued at approximately $51,754,000. Capital One Financial makes up about 2.1% of Basswood Capital Management L.L.C.’s investment portfolio, making the stock its 9th largest position.

Several other hedge funds have also recently made changes to their positions in COF. HighTower Advisors LLC grew its holdings in shares of Capital One Financial by 18.1% in the fourth quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock worth $85,739,000 after purchasing an additional 54,263 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in Capital One Financial by 11.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock valued at $28,076,000 after buying an additional 11,651 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Capital One Financial by 2.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock valued at $54,283,000 after buying an additional 6,225 shares during the last quarter. Sculptor Capital LP purchased a new stake in Capital One Financial during the 1st quarter valued at $33,932,000. Finally, Truist Financial Corp boosted its position in Capital One Financial by 2.5% during the 4th quarter. Truist Financial Corp now owns 640,050 shares of the financial services provider’s stock valued at $155,122,000 after buying an additional 15,644 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Trading Up 0.6%

NYSE:COF opened at $217.55 on Thursday. The company has a 50-day moving average price of $209.74 and a 200-day moving average price of $197.92. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The stock has a market cap of $133.46 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 0.79 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter in the previous year, the company earned $5.48 earnings per share. Capital One Financial’s quarterly revenue was up 26.9% on a year-over-year basis. Equities analysts predict that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

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

Wall Street Analyst Weigh In

COF has been the topic of a number of analyst reports. TD Cowen decreased their price objective on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Wolfe Research increased their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a research note on Thursday, August 20th. Citigroup reduced their price target on Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Finally, BTIG Research upped their price target on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.91.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the transaction, the general counsel owned 90,194 shares in the company, valued at $18,760,352. This trade represents a 3.74% decrease in their position. The transaction 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 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 value of $2,040,320.28. Following the sale, the insider owned 26,328 shares in the company, valued at $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 26,267 shares of company stock worth $5,617,648. Company insiders own 0.78% of the company’s stock.

About Capital One Financial

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.