58,677 Shares in Capital One Financial Corporation (NYSE:COF) Acquired by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. acquired 58,677 shares of Capital One Financial during the first quarter, valued at approximately $10.5 million.
• Capital One Financial recently reported earnings of $5.48 per share, significantly exceeding analysts' expectations of $1.93.
• The company declared a $0.60 quarterly dividend, representing an annual yield of 1.2%, with an upcoming ex-dividend date of August 15th.

Jupiter Asset Management Ltd. acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 58,677 shares of the financial services provider's stock, valued at approximately $10,521,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC raised 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 purchasing an additional 97 shares during the period. Bogart Wealth LLC increased its holdings in Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after purchasing an additional 243 shares during the period. Motco increased its holdings in Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after purchasing an additional 137 shares during the period. Rossby Financial LCC bought a new stake in Capital One Financial during the 1st quarter valued at $48,000. Finally, Bernard Wealth Management Corp. bought a new stake in Capital One Financial during the 1st quarter valued at $54,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 1.3%

COF stock traded down $2.86 during trading on Thursday, reaching $210.02. The stock had a trading volume of 463,452 shares, compared to its average volume of 4,483,292. The firm has a fifty day moving average price of $208.27 and a 200 day moving average price of $193.06. The company has a market capitalization of $80.47 billion, a P/E ratio of 107.89, a PEG ratio of 0.83 and a beta of 1.16. Capital One Financial Corporation has a 1-year low of $131.55 and a 1-year high of $232.45. 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 (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 for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.14 EPS. On average, equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on COF. Truist Financial increased their target price on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Keefe, Bruyette & Woods boosted their price objective on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 price objective for the company. Finally, Barclays reiterated an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the transaction, the insider owned 20,089 shares in the company, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the sale, the director directly owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,847 shares of company stock worth $5,696,173. 1.26% of the stock is currently owned by company insiders.

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.