Baader Bank Aktiengesellschaft Takes Position in Capital One Financial Corporation (NYSE:COF)

Key Points

• Baader Bank Aktiengesellschaft has made a new investment in Capital One Financial, acquiring 3,713 shares valued at approximately $663,000 in the first quarter of 2023.
• The financial services provider reported earnings of $5.48 per share for the last quarter, significantly surpassing analysts' estimates of $1.93.
• Capital One Financial is set to pay a quarterly dividend of $0.60 per share, with a dividend yield of 1.11% and a payout ratio currently at 123.08%.

Baader Bank Aktiengesellschaft purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 3,713 shares of the financial services provider's stock, valued at approximately $663,000.

A number of other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in Capital One Financial by 1.0% in the fourth quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider's stock worth $936,000 after acquiring an additional 54 shares in the last quarter. Opal Wealth Advisors LLC grew its position in Capital One Financial by 3.1% in the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock worth $386,000 after acquiring an additional 64 shares in the last quarter. Aspiriant LLC grew its position in Capital One Financial by 2.4% in the first quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock worth $522,000 after acquiring an additional 67 shares in the last quarter. Citizens National Bank Trust Department grew its position in Capital One Financial by 25.7% in the first quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock worth $59,000 after acquiring an additional 67 shares in the last quarter. Finally, CVA Family Office LLC lifted its stake in Capital One Financial by 5.9% in the first quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider's stock worth $259,000 after purchasing an additional 80 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director owned 56,244 shares in the company, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,332 shares of company stock worth $4,540,285. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Trading Down 3.5%

Shares of NYSE COF traded down $7.53 during midday trading on Friday, hitting $207.47. 4,793,743 shares of the company traded hands, compared to its average volume of 3,819,390. Capital One Financial Corporation has a 12-month low of $128.23 and a 12-month high of $232.45. 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 stock has a 50-day moving average price of $206.91 and a 200 day moving average price of $192.61. The firm has a market cap of $79.49 billion, a P/E ratio of 106.40, a P/E/G ratio of 0.82 and a beta of 1.16.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share 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 analysts' expectations of $12.72 billion. Capital One Financial's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.14 EPS. As a group, analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 15th. Capital One Financial's dividend payout ratio is 123.08%.

Analyst Upgrades and Downgrades

COF has been the subject of several recent research reports. Royal Bank Of Canada boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Barclays reissued an "overweight" rating and issued a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a research note on Friday. They issued a "buy" rating and a $290.00 price target for the company. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Truist Financial boosted their price target on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus price target of $238.81.

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.