Capital One Financial Corporation $COF Stock Bought by Everhart Financial Group Inc.

Everhart Financial Group Inc. raised its stake in shares of Capital One Financial Corporation (NYSE:COF) by 90.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,262 shares of the financial services provider’s stock after acquiring an additional 4,860 shares during the period. Everhart Financial Group Inc.’s holdings in Capital One Financial were worth $1,981,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sculptor Capital LP acquired a new position in shares of Capital One Financial during the first quarter worth about $33,932,000. Swiss National Bank lifted its position in Capital One Financial by 6.5% in the first quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider’s stock valued at $340,363,000 after purchasing an additional 113,200 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Capital One Financial in the 2nd quarter valued at approximately $73,364,000. Levin Capital Strategies L.P. boosted its holdings in Capital One Financial by 3.3% in the 1st quarter. Levin Capital Strategies L.P. now owns 179,757 shares of the financial services provider’s stock valued at $32,793,000 after purchasing an additional 5,707 shares in the last quarter. Finally, Professional Financial Advisors LLC increased its position in Capital One Financial by 645.8% during the 2nd quarter. Professional Financial Advisors LLC now owns 9,710 shares of the financial services provider’s stock worth $1,948,000 after purchasing an additional 8,408 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on COF shares. JPMorgan Chase & Co. increased their target price on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a report on Thursday, August 20th. UBS Group increased their price objective on Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Piper Sandler raised their target price on Capital One Financial from $254.00 to $260.00 and gave the company an “overweight” rating in a report on Monday, September 28th. Finally, Wolfe Research boosted their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $257.77.

Capital One Financial Price Performance

Shares of NYSE:COF traded down $0.17 during midday trading on Thursday, hitting $195.74. 1,768,357 shares of the stock were exchanged, compared to its average volume of 4,645,195. The stock has a market cap of $120.08 billion, a P/E ratio of 12.12, a PEG ratio of 0.72 and a beta of 1.04. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a 50 day moving average price of $210.58 and a 200-day moving average price of $199.53.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the company earned $5.48 EPS. On average, research analysts forecast that Capital One Financial Corporation will post 20.32 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, August 17th. Capital One Financial’s payout ratio is currently 19.80%.

Insider Transactions at Capital One Financial

In related news, insider Lia Dean sold 2,066 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $206.07, for a total transaction of $425,740.62. Following the sale, the insider owned 61,195 shares of the company’s stock, valued at $12,610,453.65. This trade represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 on Tuesday, October 6th. The shares were sold at an average price of $196.22, for a total value of $686,770.00. Following the sale, the general counsel directly owned 79,694 shares in the company, valued at approximately $15,637,556.68. The trade was a 4.21% 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. Insiders have sold 33,850 shares of company stock worth $7,167,152 in the last quarter. Insiders own 0.78% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.