37,838 Shares in Capital One Financial Corporation $COF Purchased by Shikiar Asset Management Inc.

Key Points

• Shikiar Asset Management Inc. acquired 37,838 shares of Capital One Financial, valued at approximately $8,050,000, making it the 13th largest position in their portfolio.
• Insider Robert M. Alexander sold 10,114 shares for over $2.3 million, representing a 12.83% decrease in his ownership.
• Capital One Financial's recent earnings report showed $5.48 EPS, significantly exceeding analysts' estimates of $1.93, with revenue rising 31.4% year-over-year.

Shikiar Asset Management Inc. acquired a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 37,838 shares of the financial services provider's stock, valued at approximately $8,050,000. Capital One Financial makes up approximately 2.2% of Shikiar Asset Management Inc.'s holdings, making the stock its 13th biggest position.

Several other large investors also recently bought and sold shares of COF. WPG Advisers LLC bought a new stake in Capital One Financial in the 1st quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC grew its stake in shares of Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 62 shares during the period. Olistico Wealth LLC grew its stake in shares of Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 101 shares during the period. Saudi Central Bank bought a new stake in shares of Capital One Financial during the 1st quarter valued at about $27,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at about $27,000. 89.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider owned 27,364 shares of the company's stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is owned by company insiders.

Capital One Financial Trading Down 0.7%

Shares of NYSE:COF opened at $210.50 on Friday. The stock has a 50 day moving average of $219.12 and a 200 day moving average of $201.98. The company has a market cap of $134.62 billion, a PE ratio of 107.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The company has a current ratio of 1.02, a quick 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.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating 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. The company's revenue was up 31.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.14 earnings per share. As a group, equities research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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

Analysts Set New Price Targets

COF has been the subject of a number of recent research reports. UBS Group cut their price target on Capital One Financial from $270.00 to $266.00 and set a "buy" rating for the company in a research note on Tuesday. The Goldman Sachs Group cut their price target on Capital One Financial from $276.00 to $266.00 and set a "buy" rating for the company in a research note on Friday, October 3rd. Robert W. Baird boosted their price target on Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, October 2nd. Keefe, Bruyette & Woods boosted their price target on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $250.44.

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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