Saudi Central Bank Increases Position in Capital One Financial Corporation $COF

Saudi Central Bank lifted its position in Capital One Financial Corporation (NYSE:COF) by 78.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 41,875 shares of the financial services provider’s stock after acquiring an additional 18,409 shares during the period. Saudi Central Bank’s holdings in Capital One Financial were worth $8,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chico Wealth RIA acquired a new stake in shares of Capital One Financial during the second quarter worth about $213,000. Compass Financial Management LLC acquired a new position in Capital One Financial in the 2nd quarter worth approximately $132,000. NBH Bank purchased a new position in Capital One Financial during the 2nd quarter worth approximately $62,000. Markowski Investments purchased a new position in Capital One Financial during the 2nd quarter worth approximately $165,000. Finally, Strive Financial Group LLC lifted its stake in Capital One Financial by 410.8% during the 2nd quarter. Strive Financial Group LLC now owns 848 shares of the financial services provider’s stock valued at $170,000 after acquiring an additional 682 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider directly owned 27,992 shares in the company, valued at approximately $6,102,815.84. The trade was a 16.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lia Dean sold 2,193 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value 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. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 29,767 shares of company stock valued at $6,366,998. 0.78% of the stock is owned by company insiders.

Capital One Financial Stock Performance

Shares of COF stock opened at $219.43 on Friday. The company has a market capitalization of $134.62 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.81 and a beta of 1.02. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The business’s 50 day moving average is $211.80 and its two-hundred day moving average is $198.07. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $15.76 billion. During the same period in the prior year, the company posted $5.48 EPS. The business’s quarterly revenue was up 26.9% on a year-over-year basis. Analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued 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 was Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on COF shares. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. TD Cowen decreased their target price on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. increased their price target on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, Bank of America reduced their price objective on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $258.91.

Capital One Financial Company 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.