Bell Bank Purchases New Shares in Capital One Financial Corporation $COF

Key Points

• Bell Bank acquired a new stake in Capital One Financial, purchasing 1,446 shares valued at approximately $308,000 during the second quarter.
• A diverse group of institutional investors increased their holdings in Capital One Financial, with Kingstone Capital Partners significantly boosting its position by 588,668.3%, now owning shares worth nearly $25 billion.
• Analysts have given Capital One Financial a consensus rating of "Moderate Buy" with an increasing target price, the latest being $275.00 by Citigroup.

Bell Bank purchased a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,446 shares of the financial services provider's stock, valued at approximately $308,000.

A number of other institutional investors and hedge funds have also made changes to their positions in COF. Brighton Jones LLC raised its stake in shares of Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after acquiring an additional 10,428 shares during the period. State of Wyoming purchased a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $187,000. Woodline Partners LP purchased a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $4,085,000. Waverly Advisors LLC acquired a new position in shares of Capital One Financial in the fourth quarter valued at approximately $347,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in shares of Capital One Financial in the fourth quarter valued at approximately $250,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction on 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 completion of the sale, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction on Monday, August 4th. The shares were 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 owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock worth $4,679,844 in the last 90 days. Company insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Royal Bank Of Canada lifted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their price objective for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, Barclays reiterated an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

Capital One Financial Stock Down 1.2%

Shares of Capital One Financial stock traded down $2.84 during trading hours on Monday, hitting $225.48. The company had a trading volume of 2,565,843 shares, compared to its average volume of 4,263,394. The company's 50-day moving average is $218.68 and its two-hundred day moving average is $197.82. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $144.20 billion, a P/E ratio of 115.63, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17.

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

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 annualized dividend and a yield of 1.1%. Capital One Financial's dividend payout ratio is 123.08%.

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.