1,115 Shares in Capital One Financial Corporation $COF Bought by Exchange Bank

Key Points

• Exchange Bank acquired a new position in Capital One Financial, buying 1,115 shares valued at approximately $237,000 during the second quarter.
• Multiple hedge funds increased their holdings in Capital One, with around 89.84% of the stock currently owned by institutional investors.
• Capital One Financial's most recent earnings report revealed an EPS of $5.48 for the quarter, significantly exceeding analysts' expectations.

Exchange Bank bought a new position in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,115 shares of the financial services provider's stock, valued at approximately $237,000.

A number of other hedge funds have also modified their holdings of the stock. Veracity Capital LLC acquired a new position in shares of Capital One Financial in the 2nd quarter worth $253,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Capital One Financial in the 2nd quarter worth $79,000. Riversedge Advisors LLC acquired a new position in shares of Capital One Financial in the 2nd quarter worth $366,000. Czech National Bank grew its holdings in shares of Capital One Financial by 78.6% in the 2nd quarter. Czech National Bank now owns 156,346 shares of the financial services provider's stock worth $33,264,000 after acquiring an additional 68,791 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Capital One Financial by 132.5% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,818 shares of the financial services provider's stock worth $1,450,000 after acquiring an additional 3,886 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the transaction, the general counsel directly owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the transaction, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,298 shares of company stock worth $4,679,844. Corporate insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Bank of America raised their target price on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Barclays reiterated an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Royal Bank Of Canada increased their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company increased their price objective on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $239.44.

Capital One Financial Trading Up 1.2%

Shares of Capital One Financial stock opened at $226.39 on Tuesday. The stock has a market capitalization of $144.78 billion, a P/E ratio of 116.10, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $218.06 and a 200 day simple moving average of $196.67. Capital One Financial Corporation has a 12-month low of $138.90 and a 12-month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the company earned $3.14 EPS. The firm's revenue was up 31.4% compared to the same quarter last year. Research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

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.

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