6,458 Capital One Financial Corporation $COF Shares Acquired by Apella Capital LLC

Key Points

• Apella Capital LLC increased its Capital One Financial stake by 326.8% in the third quarter, acquiring 6,458 shares for a total of 8,434 shares valued at approximately $1.63 million.
• Institutional investors and hedge funds own 89.84% of Capital One’s outstanding shares, with State Street and BlackRock among the company’s largest shareholders. Company insiders, meanwhile, sold $7.17 million worth of stock during the latest quarter.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $256.09. Capital One also recently reported quarterly EPS of $5.81, beating estimates, and pays an annualized dividend of $3.20 per share.

Apella Capital LLC raised its stake in Capital One Financial Corporation (NYSE:COF) by 326.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,434 shares of the financial services provider's stock after acquiring an additional 6,458 shares during the quarter. Apella Capital LLC's holdings in Capital One Financial were worth $1,628,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of COF. State Street Corp boosted its holdings in shares of Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock worth $11,491,259,000 after acquiring an additional 29,724,829 shares during the period. BlackRock Inc. lifted its holdings in Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock worth $10,242,628,000 after purchasing an additional 236,643 shares during the last quarter. Bank of America Corp DE acquired a new stake in Capital One Financial during the 2nd quarter worth approximately $1,435,311,000. Wellington Management Group LLP lifted its holdings in Capital One Financial by 36.2% during the 2nd quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider's stock worth $1,426,029,000 after purchasing an additional 1,887,497 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Capital One Financial by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider's stock valued at $1,127,733,000 after purchasing an additional 187,532 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $196.22, for a total value of $686,770.00. Following the completion of the transaction, the general counsel owned 79,694 shares of the company's stock, valued at $15,637,556.68. This represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 2,017 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total transaction of $415,643.19. Following the completion of the transaction, the insider directly owned 57,696 shares of the company's stock, valued at approximately $11,889,414.72. The trade was a 3.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 33,850 shares of company stock worth $7,167,152 in the last quarter. Corporate insiders own 0.78% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on COF. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a report on Thursday, August 20th. BMO Capital Markets assumed coverage on shares of Capital One Financial in a research report on Friday. They issued a "market perform" rating and a $219.00 target price for the company. TD Cowen decreased their price target on shares of Capital One Financial from $253.00 to $242.00 and set a "buy" rating on the stock in a research note on Tuesday. Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Finally, HSBC upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $256.09.

Capital One Financial Price Performance

Capital One Financial stock opened at $199.14 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The stock has a market capitalization of $122.17 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 0.73 and a beta of 1.04. The stock has a fifty day moving average of $210.17 and a 200-day moving average of $199.65.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same period last year, the firm posted $5.48 earnings per share. Capital One Financial's revenue was up 26.9% compared to the same quarter last year. On average, sell-side analysts expect that Capital One Financial Corporation will post 20.33 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, August 17th. Capital One Financial's dividend payout ratio (DPR) is presently 19.80%.

Capital One Financial Company Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.

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