742,471 Shares in Capital One Financial Corporation $COF Purchased by Vaughan Nelson Investment Management L.P.

Key Points

• Vaughan Nelson Investment Management L.P. acquired 742,471 shares of Capital One Financial, valued at approximately $157.97 million, making it the firm's 15th largest holding.
• Capital One reported $5.48 earnings per share for the recent quarter, significantly exceeding analyst expectations of $1.93, with revenue increasing by 31.4% year-over-year.
• The company declared a quarterly dividend of $0.60 per share, resulting in an annualized yield of 1.1%, though it has a high dividend payout ratio of 123.08%.

Vaughan Nelson Investment Management L.P. acquired 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 742,471 shares of the financial services provider's stock, valued at approximately $157,968,000. Capital One Financial accounts for 1.5% of Vaughan Nelson Investment Management L.P.'s investment portfolio, making the stock its 15th biggest holding. Vaughan Nelson Investment Management L.P. owned 0.19% of Capital One Financial at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after buying an additional 9,374 shares during the period. Plancorp LLC bought a new position in shares of Capital One Financial in the 2nd quarter worth $272,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Capital One Financial by 105.3% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after purchasing an additional 394 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Capital One Financial by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Mutual Advisors LLC purchased a new stake in Capital One Financial in the 1st quarter valued at $215,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Trading Up 0.3%

NYSE COF opened at $214.39 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock's 50 day moving average is $219.30 and its 200 day moving average is $200.97. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The firm has a market capitalization of $137.10 billion, a PE ratio of 109.94, a P/E/G ratio of 0.81 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.14 earnings per share. Research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared 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 was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's dividend payout ratio is presently 123.08%.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Timothy P. Golden sold 207 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the transaction, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,298 shares of company stock worth $5,103,824. Corporate insiders own 1.26% of the company's stock.

Analyst Ratings Changes

COF has been the subject of a number of analyst reports. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and increased their price target for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Royal Bank Of Canada lifted their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Robert W. Baird raised their target price on Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday. Morgan Stanley lifted their price target on Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $249.06.

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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