Ariel Investments LLC Purchases 15,233 Shares of Capital One Financial Corporation $COF

Key Points

• Ariel Investments LLC increased its stake in Capital One Financial Corporation by 5.5% in the 1st quarter, now owning 291,117 shares valued at approximately $52.2 million.
• Several hedge funds, including WPG Advisers LLC and the Saudi Central Bank, also acquired new stakes in Capital One Financial, reflecting strong institutional interest in the company.
• Capital One recently reported a significant earnings beat with an EPS of $5.48, outperforming estimates of $1.93, alongside a year-over-year revenue increase of 31.4%.

Ariel Investments LLC raised its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 291,117 shares of the financial services provider's stock after purchasing an additional 15,233 shares during the quarter. Ariel Investments LLC owned approximately 0.08% of Capital One Financial worth $52,197,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC bought a new position in Capital One Financial in the 1st quarter valued at $25,000. Saudi Central Bank bought a new position in Capital One Financial in the 1st quarter valued at $27,000. Beacon Capital Management LLC raised its position in Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares during the last quarter. Bogart Wealth LLC raised its position in Capital One Financial by 1,518.8% in the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 243 shares during the last quarter. Finally, Motco raised its position in shares of Capital One Financial by 115.1% during the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

COF has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 target price for the company. Royal Bank Of Canada boosted their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Insiders Place Their Bets

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value 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. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 in the last three months. Insiders own 1.26% of the company's stock.

Capital One Financial Trading Down 0.8%

Shares of Capital One Financial stock traded down $1.77 during trading on Monday, reaching $219.76. 935,358 shares of the company were exchanged, compared to its average volume of 4,327,156. 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 Corporation has a twelve month low of $131.55 and a twelve month high of $232.45. The business has a 50-day moving average price of $217.39 and a 200-day moving average price of $195.60. The firm has a market capitalization of $140.54 billion, a price-to-earnings ratio of 112.66, a P/E/G ratio of 0.87 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $12.72 billion. During the same period in the previous year, the firm posted $3.14 earnings per share. The firm's revenue was up 31.4% on a year-over-year basis. Sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

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.