1,297 Shares in Capital One Financial Corporation $COF Acquired by New Century Financial Group LLC

Key Points

• New Century Financial Group LLC has acquired 1,297 shares of Capital One Financial Corporation during the 2nd quarter, amounting to approximately $276,000.
• Capital One reported $5.48 earnings per share for the last quarter, significantly exceeding analysts' expectations of $1.93, with year-over-year revenue up by 31.4%.
• The company announced a quarterly dividend of $0.60 per share, with a current payout ratio of 123.08%.

New Century Financial Group LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,297 shares of the financial services provider's stock, valued at approximately $276,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC boosted its stake in Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after purchasing an additional 10,428 shares during the period. NBC Securities Inc. bought a new position in shares of Capital One Financial during the first quarter worth about $142,000. Merit Financial Group LLC raised its position in Capital One Financial by 56.1% in the 1st quarter. Merit Financial Group LLC now owns 6,142 shares of the financial services provider's stock valued at $1,101,000 after buying an additional 2,207 shares during the last quarter. Armstrong Fleming & Moore Inc acquired a new position in Capital One Financial during the 1st quarter worth approximately $3,146,000. Finally, Curat Global LLC bought a new position in shares of Capital One Financial during the 1st quarter worth approximately $409,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Performance

COF opened at $213.79 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The business has a 50 day moving average of $219.26 and a 200-day moving average of $200.65. The stock has a market cap of $136.72 billion, a price-to-earnings ratio of 109.64, a PEG ratio of 0.81 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter last year, the company posted $3.14 EPS. The firm's revenue was up 31.4% on a year-over-year basis. On average, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the transaction, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Wells Fargo & Company lifted their target price on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Morgan Stanley upped their price objective on Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Robert W. Baird raised their target price on shares of Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $245.67.

Capital One Financial Company 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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