Capital One Financial Co. (NYSE:COF) Shares Bought by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC lifted its stake in shares of Capital One Financial Co. (NYSE:COF) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 796 shares of the financial services provider’s stock after purchasing an additional 96 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in Capital One Financial were worth $142,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Prossimo Advisors LLC lifted its position in Capital One Financial by 2.4% in the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 65 shares during the period. Arkadios Wealth Advisors boosted its stake in Capital One Financial by 3.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 66 shares during the period. Baldwin Investment Management LLC grew its position in Capital One Financial by 0.6% during the 3rd quarter. Baldwin Investment Management LLC now owns 12,215 shares of the financial services provider’s stock worth $1,829,000 after purchasing an additional 70 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of Capital One Financial by 0.7% in the third quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider’s stock valued at $1,434,000 after purchasing an additional 71 shares in the last quarter. Finally, Arvest Investments Inc. grew its holdings in shares of Capital One Financial by 1.2% during the third quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider’s stock valued at $975,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity

In other news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the sale, the insider now owns 44,711 shares in the company, valued at $7,153,760. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,007 shares of company stock worth $4,982,647 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on COF shares. The Goldman Sachs Group raised their price objective on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Citigroup started coverage on Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 price target for the company. Evercore ISI raised their target price on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Truist Financial started coverage on Capital One Financial in a research note on Tuesday. They issued a “buy” rating and a $229.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $181.12.

Capital One Financial Trading Down 2.9 %

Shares of Capital One Financial stock traded down $5.18 during trading hours on Friday, hitting $174.96. The company’s stock had a trading volume of 2,999,403 shares, compared to its average volume of 2,225,474. Capital One Financial Co. has a 12 month low of $123.23 and a 12 month high of $198.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $66.70 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46. The stock has a 50 day moving average of $182.66 and a 200 day moving average of $158.31.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the previous year, the firm posted $4.45 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Analysts predict that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.