Equitable Holdings Inc. Takes $7.12 Million Position in Capital One Financial Corporation $COF

Equitable Holdings Inc. acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 35,498 shares of the financial services provider’s stock, valued at approximately $7,122,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. grew its position in Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares during the period. Solstein Capital LLC acquired a new position in shares of Capital One Financial in the second quarter worth $26,000. VSM Wealth Advisory LLC acquired a new position in Capital One Financial in the 4th quarter valued at about $27,000. Cherry Tree Wealth Management LLC lifted its stake in shares of Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after buying an additional 105 shares during the period. Finally, Ballast Advisors LLC acquired a new stake in shares of Capital One Financial during the first quarter worth $27,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. Bank of America lowered their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Citigroup dropped their price objective on Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, BTIG Research boosted their target price 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. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $258.91.

Capital One Financial Stock Down 0.1%

Shares of NYSE:COF opened at $216.91 on Friday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a market cap of $133.07 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50 day simple moving average of $210.04 and a 200 day simple moving average of $197.87.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $15.76 billion. During the same quarter last year, the business posted $5.48 EPS. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, research analysts expect that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Insider Transactions at Capital One Financial

In related news, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares of the company’s stock, valued at $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of Capital One Financial stock in a transaction dated Monday, August 17th. The stock was 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 of the company’s stock, valued at approximately $14,266,620.72. The trade was a 3.35% 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. Over the last three months, insiders have sold 26,267 shares of company stock worth $5,617,648. 0.78% of the stock is currently owned by company 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.