Fifth Third Bancorp increased its position in equity Capital One Financial Co. (NYSE: COF) by 13.7% in the first quarter, according to its latest filing with the Securities & Exchange Commission. The institutional investor held 32,785 shares of the financial services provider after purchasing an additional 3,938 shares during the period. Fifth Third Bancorp’s holdings in Capital One Financial were worth $4,304,000 at the end of the last quarter.
A number of other institutional investors have also recently changed their positions in the company. Covestor Ltd acquired a new equity stake in Capital One Financial in Q4 worth approximately $33,000. Equitec Proprietary Markets LLC acquired a new equity stake in Capital One Financial in Q4, valued at approximately $35,000. Exane Derivatives acquired a new equity stake in Capital One Financial in Q4 worth approximately $36,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Capital One Financial in Q4 worth approximately $38,000. Finally, Fieldpoint Private Securities LLC increased its equity stake in Capital One Financial by 43.2% in the 4th quarter. Fieldpoint Private Securities LLC now owns 265 shares of the financial services provider valued at $38,000 after buying 80 additional shares in the last quarter. Hedge funds and other institutional investors hold 89.31% of the company’s shares.
A number of equity research analysts have weighed in on COF shares recently. Wells Fargo & Company cut its price target on Capital One Financial shares from $180.00 to $165.00 and set an “overweight” rating on the stock in a Wednesday, April 6 research note. Piper Sandler cut her price target on Capital One Financial shares from $143.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday. TheStreet downgraded shares of Capital One Financial from a “b” rating to a “c+” rating in a research note on Wednesday. BMO Capital Markets cut its target price on Capital One Financial shares from $200.00 to $188.00 and set a “buy” rating on the stock in a Wednesday, April 27 research report. Finally, Bank of America reduced its target price on Capital One Financial shares from $185.00 to $167.00 in a Thursday, March 17 research report. One analyst rated the stock with a sell rating, eight gave the company a hold rating and fourteen gave the company’s stock a buy rating. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $168.35.
Capital One Financial Action opened at $106.82 on Friday. The company has a debt ratio of 0.79, a quick ratio of 0.95 and a current ratio of 0.95. Capital One Financial Co. has a 52-week low of $98.54 and a 52-week high of $177.95. The company has a 50-day moving average price of $118.22 and a two-hundred-day moving average price of $134.84. The company has a market capitalization of $41.99 billion, a price-earnings ratio of 4.20, a PEG ratio of 0.32 and a beta of 1.44.
Capital One Financial (NYSE: COF – Get a rating) last released its quarterly results on Tuesday, April 26. The financial services provider reported earnings per share (EPS) of $5.62 for the quarter, beating the consensus estimate of $5.39 by $0.23. Capital One Financial had a net margin of 34.71% and a return on equity of 18.66%. The company posted revenue of $8.17 billion in the quarter, versus analyst estimates of $8.02 billion. In the same quarter last year, the company achieved EPS of $7.03. The company’s revenue increased by 14.9% compared to the same quarter last year. As a group, equity research analysts expect Capital One Financial Co. to post EPS of 20.14 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Monday, May 16 received a dividend of $0.60. The ex-dividend date was Friday, May 13. This represents an annualized dividend of $2.40 and a dividend yield of 2.25%. Capital One Financial’s dividend payout ratio is currently 9.44%.
In other news, Insider Sheldon Hall sold 14,504 shares of Capital One Financial in a trade on Thursday, May 26. The shares were sold at an average price of $125.00, for a total value of $1,813,000.00. Following the completion of the sale, the insider now owns 68,337 shares of the company, valued at approximately $8,542,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Insiders own 1.27% of the shares of the company.
Capital One Financial Company Profile (Get a rating)
Capital One Financial Corporation operates as the financial services holding company for Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada and the United Kingdom. It operates through three segments: Credit Cards, Consumer Banking and Business Banking.
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