Capital One Financial Corporation $COF Position Increased by Gabelli Funds LLC

Gabelli Funds LLC boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 127.9% in the first quarter, HoldingsChannel reports. The firm owned 45,240 shares of the financial services provider’s stock after purchasing an additional 25,388 shares during the quarter. Gabelli Funds LLC’s holdings in Capital One Financial were worth $8,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in COF. Brighton Jones LLC grew its position in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 10,428 shares during the last quarter. Intech Investment Management LLC lifted its position in Capital One Financial by 44.3% in the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock valued at $1,608,000 after purchasing an additional 2,753 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Capital One Financial by 118.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 1,788 shares during the period. Flow Traders U.S. LLC bought a new position in Capital One Financial in the 2nd quarter worth about $218,000. Finally, Jump Financial LLC bought a new position in Capital One Financial in the 2nd quarter worth about $1,086,000. 89.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Celia Karam sold 1,749 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the sale, the insider directly owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the sale, the general counsel owned 90,194 shares of the company’s stock, valued at $18,760,352. The trade was a 3.74% 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. Insiders sold 8,749 shares of company stock valued at $1,708,577 in the last 90 days. Corporate insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on COF. Wells Fargo & Company reduced their price target on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. BTIG Research raised their price objective on shares of Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group dropped their target price on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Barclays decreased their price target on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.82.

Capital One Financial Stock Performance

COF opened at $206.86 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm has a market cap of $128.73 billion, a PE ratio of 12.80, a P/E/G ratio of 0.75 and a beta of 1.02. The business has a fifty day simple moving average of $195.78 and a 200-day simple moving average of $199.85. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.Capital One Financial’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.48 earnings per share. As a group, equities analysts predict that Capital One Financial Corporation will post 20.13 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

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.