377,440 Shares in Capital One Financial Corporation $COF Purchased by Primecap Management Co. CA

Primecap Management Co. CA purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 377,440 shares of the financial services provider’s stock, valued at approximately $75,722,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Evolution Wealth Management Inc. lifted its stake 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 last quarter. Solstein Capital LLC bought a new position in shares of Capital One Financial during the second quarter valued at approximately $26,000. VSM Wealth Advisory LLC purchased a new stake in shares of Capital One Financial in the fourth quarter worth approximately $27,000. Cherry Tree Wealth Management LLC raised its holdings in shares of Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after buying an additional 105 shares during the period. Finally, Ballast Advisors LLC bought a new stake in shares of Capital One Financial during the 1st quarter worth approximately $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Capital One Financial

In other news, insider Lia Dean sold 2,193 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the sale, the insider owned 63,261 shares in the company, valued at approximately $14,266,620.72. The trade was a 3.35% 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, CAO Timothy P. Golden sold 3,487 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at $1,567,519. The trade was a 31.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,267 shares of company stock valued at $5,617,648 over the last three months. 0.78% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Wolfe Research increased their target price on Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday. 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. UBS Group boosted their target price on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, TD Cowen cut their price target on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $258.91.

Capital One Financial Stock Up 0.6%

Shares of NYSE COF opened at $217.55 on Thursday. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The firm has a market capitalization of $133.46 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.79 and a beta of 1.02. The stock has a 50 day moving average price of $209.74 and a 200 day moving average price of $197.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02.

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 return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same period last year, the business posted $5.48 EPS. Capital One Financial’s quarterly revenue was up 26.9% on a year-over-year basis. Sell-side analysts expect that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend 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.