Arbor Investment Advisors LLC Acquires New Shares in Capital One Financial Corporation $COF

Key Points

• Arbor Investment Advisors LLC has acquired 2,878 shares of Capital One Financial, valued at approximately $612,000.
• Several hedge funds, including Kingstone Capital Partners, have significantly increased their stakes in Capital One Financial during the second quarter.
• Capital One Financial recently announced a quarterly dividend of $0.60, indicating a yield of 1.1%, despite a high payout ratio of 123.08%.

Arbor Investment Advisors LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,878 shares of the financial services provider's stock, valued at approximately $612,000.

A number of other hedge funds have also made changes to their positions in COF. Kingstone Capital Partners Texas LLC grew its stake in Capital One Financial by 588,668.3% in the 2nd 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 acquiring an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. lifted its holdings 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 valued at $5,782,590,000 after purchasing an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Capital One Financial by 23.7% in the first 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 purchasing an additional 950,415 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock valued at $854,647,000 after purchasing an additional 734,939 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Capital One Financial by 45.1% during 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 purchasing an additional 1,454,595 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analyst Ratings Changes

COF has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Capital One Financial in a research note on Wednesday, October 8th. Barclays boosted their price target on Capital One Financial from $253.00 to $257.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. UBS Group decreased their price objective on Capital One Financial from $270.00 to $266.00 and set a "buy" rating on the stock in a research note on Tuesday, October 7th. Citigroup lifted their price objective on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a "buy" rating and a $290.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $252.78.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $211.25 on Monday. The company has a market cap of $135.10 billion, a P/E ratio of 108.33, a P/E/G ratio of 0.76 and a beta of 1.18. The business has a fifty day simple moving average of $219.01 and a 200-day simple moving average of $203.65. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.14 earnings per share. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's payout ratio is presently 123.08%.

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction 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 sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is currently owned by company insiders.

Capital One Financial 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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