Flagship Harbor Advisors LLC Takes $224,000 Position in Capital One Financial Co. (NYSE:COF)

Flagship Harbor Advisors LLC bought a new position in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,255 shares of the financial services provider’s stock, valued at approximately $224,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Capital One Financial by 0.5% during the third quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock worth $2,471,572,000 after buying an additional 74,784 shares in the last quarter. Franklin Resources Inc. increased its holdings in Capital One Financial by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after purchasing an additional 280,462 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Capital One Financial by 0.7% during the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock valued at $1,451,527,000 after purchasing an additional 72,097 shares in the last quarter. Geode Capital Management LLC raised its position in Capital One Financial by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock valued at $1,198,664,000 after purchasing an additional 159,616 shares during the last quarter. Finally, FMR LLC boosted its stake in Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after purchasing an additional 1,169,395 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on COF shares. The Goldman Sachs Group lifted their price target on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a research report on Tuesday, January 14th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $168.00 to $235.00 in a research report on Monday, January 13th. Truist Financial increased their price objective on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research report on Monday. Finally, Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $203.00 to $200.00 in a research report on Monday, December 9th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $196.31.

Capital One Financial Trading Up 0.5 %

COF opened at $204.19 on Thursday. The firm’s fifty day moving average is $185.91 and its two-hundred day moving average is $163.69. The firm has a market cap of $77.84 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.46. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $207.24. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.00 and a current ratio of 0.98.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.81 earnings per share. Equities research analysts anticipate that Capital One Financial Co. will post 15.22 EPS for the current year.

Capital One Financial Announces Dividend

The business 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. The ex-dividend date was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.18%. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of Capital One Financial 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 sale, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares of the company’s stock, valued at $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,256 shares of company stock valued at $2,462,487. 1.30% of the stock is currently owned by corporate insiders.

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.