Permanens Capital L.P. purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,708 shares of the financial services provider's stock, valued at approximately $1,346,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Point Break Capital Management LLC acquired a new stake in shares of Capital One Financial in the second quarter worth $3,824,000. PointState Capital LP acquired a new position in Capital One Financial during the second quarter valued at $171,342,000. Ausdal Financial Partners Inc. purchased a new stake in Capital One Financial in the second quarter valued at $867,000. Bamco Inc. NY acquired a new stake in Capital One Financial during the 2nd quarter worth about $1,187,000. Finally, Bank of America Corp DE acquired a new stake in Capital One Financial during the 2nd quarter worth about $1,435,311,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently issued reports on COF. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a report on Thursday, August 20th. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. HSBC raised Capital One Financial from a "hold" rating to a "buy" rating and boosted their price target for the company from $226.00 to $229.00 in a report on Sunday, July 12th. BTIG Research upped their price objective on Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $258.91.
View Our Latest Stock Report on COF
Capital One Financial Price Performance
NYSE:COF opened at $217.55 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The stock's 50-day moving average price is $209.74 and its 200-day moving average price is $197.92. The stock has a market capitalization of $133.46 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02.
Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to analysts' expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.Capital One Financial's quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.48 EPS. As a group, equities analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.
Capital One Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial's dividend payout ratio is presently 19.80%.
Insider Buying and Selling at Capital One Financial
In related news, CAO Timothy P. Golden sold 3,487 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer owned 7,429 shares of the company's stock, valued at approximately $1,567,519. The trade was a 31.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lia Dean sold 2,193 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the transaction, the insider owned 63,261 shares of the company's stock, valued at $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 26,267 shares of company stock worth $5,617,648. 0.78% of the stock is currently owned by corporate insiders.
Capital One Financial Company Profile
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Free Report)
Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.
Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.
Further Reading
Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).
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