Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases 23,238 Shares of Capital One Financial Corporation $COF

Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 117.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 42,981 shares of the financial services provider’s stock after acquiring an additional 23,238 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Capital One Financial were worth $7,841,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Capital One Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after purchasing an additional 360,071 shares during the last quarter. Franklin Resources Inc. increased its position in Capital One Financial by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock valued at $3,023,795,000 after acquiring an additional 638,158 shares during the last quarter. Morgan Stanley increased its position in Capital One Financial by 3.9% during the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock valued at $2,103,196,000 after acquiring an additional 323,350 shares during the last quarter. Norges Bank bought a new position in Capital One Financial in the fourth quarter valued at about $2,089,803,000. Finally, Davis Selected Advisers lifted its holdings in Capital One Financial by 2.8% in the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock valued at $2,087,878,000 after acquiring an additional 234,649 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.1%

Shares of COF opened at $204.94 on Friday. The business’s 50 day moving average is $191.01 and its 200 day moving average is $204.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a market capitalization of $127.53 billion, a PE ratio of 71.91, a price-to-earnings-growth ratio of 0.74 and a beta of 1.02.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. During the same quarter in the previous year, the company earned $4.06 earnings per share. The company’s revenue for the quarter was up 52.3% compared to the same quarter last year. Research analysts expect that Capital One Financial Corporation will post 19.53 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio is currently 112.28%.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of recent research reports. The Goldman Sachs Group cut their price target on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Royal Bank Of Canada lowered their price objective on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Jefferies Financial Group restated a “buy” rating and set a $300.00 target price on shares of Capital One Financial in a research report on Monday, March 16th. Finally, BTIG Research upped their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.19.

Insiders Place Their Bets

In other news, insider Celia Karam sold 1,749 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the sale, the insider owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the sale, the general counsel owned 97,194 shares of the company’s stock, valued at $17,876,892.42. This trade represents a 3.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.78% of the stock is currently owned by corporate insiders.

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.