A number of hedge funds have also modified their holdings of COF. Capital Research Global Investors boosted its position in shares of Capital One Financial by 72.8% during the first quarter. Eminence Capital LP bought a new position in shares of Capital One Financial during the second quarter. Clearbridge Investments LLC boosted its position in shares of Capital One Financial by 18.8% during the first quarter. International Assets Investment Management LLC boosted its position in shares of Capital One Financial by 123.4% during the second quarter. Finally, Capital World Investors boosted its position in shares of Capital One Financial by 2.1% during the fourth quarter. 89.84% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on COF shares. Evercore ISI dropped their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a research report on Thursday, July 25th. Citigroup began coverage on shares of Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. BTIG Research began coverage on shares of Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $147.21.
Get Our Latest Stock Report on Capital One Financial
Capital One Financial Trading Down 2.0 %
COF stock opened at $146.80 on Wednesday. The company has a market capitalization of $55.81 billion, a PE ratio of 11.50, a P/E/G ratio of 1.21 and a beta of 1.44. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $154.18.
Capital One Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Monday, August 12th.
About Capital One Financial
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.
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