2,033 Shares in Capital One Financial Corporation $COF Bought by JBGlobal.com LLC

Key Points

• JBGlobal.com LLC acquired 2,033 shares of Capital One Financial Corporation valued at approximately $433,000, making it the firm's 17th largest holding.
• Several other institutional investors have also increased their stakes in Capital One, with hedge funds now owning 89.84% of the company’s stock.
• Capital One recently reported earnings of $5.48 per share, significantly exceeding the consensus estimate of $1.93, indicating strong growth with a 31.4% year-over-year revenue increase.

JBGlobal.com LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,033 shares of the financial services provider's stock, valued at approximately $433,000. Capital One Financial comprises approximately 0.4% of JBGlobal.com LLC's investment portfolio, making the stock its 17th largest holding.

Several other institutional investors have also recently made changes to their positions in the business. WPG Advisers LLC acquired a new stake in Capital One Financial during the first quarter valued at $25,000. Saudi Central Bank acquired a new stake in Capital One Financial during the first quarter valued at $27,000. Beacon Capital Management LLC grew its position in Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after buying an additional 97 shares during the period. Bogart Wealth LLC grew its position in Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after buying an additional 243 shares during the period. Finally, Motco grew its position in Capital One Financial by 115.1% during the first quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after buying an additional 137 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research firms recently commented on COF. Wells Fargo & Company raised their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Barclays reissued an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Truist Financial boosted their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and an average target price of $239.44.

Capital One Financial Stock Performance

Shares of COF stock opened at $223.59 on Friday. Capital One Financial Corporation has a one year low of $137.64 and a one year high of $232.45. The firm's 50 day moving average price is $217.89 and its 200-day moving average price is $196.49. The firm has a market cap of $142.99 billion, a P/E ratio of 114.66, a P/E/G ratio of 0.87 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

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

Capital One Financial Dividend Announcement

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

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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