SCS Capital Management LLC Buys 3,213 Shares of Capital One Financial Corporation $COF

SCS Capital Management LLC lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 10.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,883 shares of the financial services provider’s stock after acquiring an additional 3,213 shares during the period. SCS Capital Management LLC’s holdings in Capital One Financial were worth $6,798,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of COF. Evolution Wealth Management Inc. grew its holdings in Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 90 shares during the period. VSM Wealth Advisory LLC acquired a new position in shares of Capital One Financial during the fourth quarter valued at about $27,000. Cherry Tree Wealth Management LLC boosted its position in shares of Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 105 shares in the last quarter. Ballast Advisors LLC bought a new position in shares of Capital One Financial during the 1st quarter worth about $27,000. Finally, Strive Asset Management LLC acquired a new stake in shares of Capital One Financial in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE COF opened at $227.19 on Monday. The firm has a market cap of $139.37 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. 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 company’s 50 day moving average is $204.93 and its 200-day moving average is $198.05. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same period last year, the firm earned $5.48 EPS. Capital One Financial’s revenue for the quarter was up 26.9% on a year-over-year basis. Sell-side analysts predict that Capital One Financial Corporation will post 20.19 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a $0.80 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. Capital One Financial’s payout ratio is 19.80%.

Insider Buying and Selling

In related news, insider Ravi Raghu sold 9,726 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the sale, the insider directly owned 26,328 shares in the company, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 directly owned 90,194 shares in the company, valued at $18,760,352. This trade represents a 3.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 22,186 shares of company stock valued at $4,697,301. 0.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of research analyst reports. Bank of America decreased their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Piper Sandler initiated coverage on Capital One Financial in a report on Monday, June 29th. They issued an “overweight” rating and a $254.00 price target on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. BTIG Research upped their target price on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Finally, Barclays cut their target price on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Twenty-one analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.36.

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.