Applied Finance Capital Management LLC Takes Position in Capital One Financial Corporation $COF

Key Points

• Applied Finance Capital Management LLC acquired a new stake in Capital One Financial Corporation by purchasing 11,234 shares valued at approximately $2.39 million in the second quarter of 2023.
• The company's stock has recently decreased by 5.6%, with a current trading price around $203.04, and an annual market cap of $129.85 billion.
• Capital One reported impressive earnings of $5.48 EPS for the last quarter, significantly surpassing analysts' expectations of $1.93 EPS, despite revenues falling short of projections.

Applied Finance Capital Management LLC bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,234 shares of the financial services provider's stock, valued at approximately $2,390,000.

Other large investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its stake in shares of Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares during the period. Vanguard Group Inc. increased its stake in shares of Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock worth $5,782,590,000 after buying an additional 506,105 shares during the period. Bank of New York Mellon Corp raised its holdings in Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after buying an additional 950,415 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Capital One Financial by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock valued at $854,647,000 after buying an additional 734,939 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Capital One Financial by 45.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock worth $838,609,000 after acquiring an additional 1,454,595 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 5.6%

COF stock opened at $203.04 on Friday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The business's 50 day moving average price is $218.95 and its two-hundred day moving average price is $203.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $129.85 billion, a price-to-earnings ratio of 104.12, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the previous year, the business earned $3.14 EPS. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.2%. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Insider Buying and Selling at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company's stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,298 shares of company stock worth $5,103,824. Corporate insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Robert W. Baird boosted their price objective on shares of Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a research report on Thursday, October 2nd. The Goldman Sachs Group cut their target price on Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a research note on Friday, October 3rd. Rothschild & Co Redburn assumed coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 price target for the company. Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Finally, Evercore ISI boosted their target price on Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and a consensus price target of $252.78.

About Capital One Financial

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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