Bridgefront Capital LLC Grows Stock Holdings in Capital One Financial Corporation $COF

Bridgefront Capital LLC lifted its position in shares of Capital One Financial Corporation (NYSE:COF) by 122.6% in the third quarter, HoldingsChannel.com reports. The firm owned 7,792 shares of the financial services provider’s stock after purchasing an additional 4,291 shares during the period. Capital One Financial comprises 0.5% of Bridgefront Capital LLC’s investment portfolio, making the stock its 23rd largest position. Bridgefront Capital LLC’s holdings in Capital One Financial were worth $1,656,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Capital One Financial by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 56,537,167 shares of the financial services provider’s stock valued at $12,018,671,000 after purchasing an additional 156,254 shares during the last quarter. State Street Corp grew its position in shares of Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after buying an additional 10,776,843 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Capital One Financial by 12.8% during the third quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock valued at $2,516,587,000 after buying an additional 1,339,215 shares during the period. Capital Research Global Investors raised its holdings in shares of Capital One Financial by 3.7% during the third quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider’s stock valued at $1,791,264,000 after acquiring an additional 302,733 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Capital One Financial during the second quarter valued at approximately $1,701,511,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $179.76 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $111.80 billion, a P/E ratio of 60.73, a P/E/G ratio of 0.54 and a beta of 1.14. The business has a fifty day simple moving average of $215.61 and a two-hundred day simple moving average of $220.86. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The business’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.67 earnings per share. On average, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.8%. Capital One Financial’s payout ratio is presently 108.11%.

Insiders Place Their Bets

In other news, insider Neal Blinde sold 38,135 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the sale, the insider directly owned 33,551 shares of the company’s stock, valued at $6,391,801.01. The trade was a 53.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total value of $500,000.00. Following the completion of the sale, the general counsel owned 92,486 shares in the company, valued at $23,121,500. The trade was a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 67,933 shares of company stock valued at $14,363,897. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. TD Cowen reiterated a “buy” rating on shares of Capital One Financial in a report on Thursday, January 8th. BTIG Research decreased their price objective on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating for the company in a report on Friday, January 23rd. HSBC dropped their target price on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Evercore reduced their price target on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 27th. Finally, Truist Financial decreased their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $274.70.

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.