Brooklyn FI LLC Buys New Shares in Capital One Financial Corporation $COF

Key Points

• Brooklyn FI LLC newly acquired 1,148 shares of Capital One Financial, valued at approximately $244,000, as reported in their recent SEC filing.
• Capital One Financial's recent earnings report showed an EPS of $5.48, significantly exceeding analyst estimates of $1.93, with a year-over-year revenue increase of 31.4%.
• The company announced a quarterly dividend of $0.60, which equates to an annualized yield of 1.1%, despite a dividend payout ratio of 123.08%.

Brooklyn FI LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,148 shares of the financial services provider's stock, valued at approximately $244,000.

Other large investors have also made changes to their positions in the company. WPG Advisers LLC bought a new stake in shares of Capital One Financial in the 1st quarter valued at $25,000. Saudi Central Bank bought a new stake in shares of Capital One Financial in the 1st quarter valued at $27,000. Beacon Capital Management LLC increased its position in shares of 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 buying an additional 97 shares in the last quarter. Nova Wealth Management Inc. increased its position in shares of Capital One Financial by 629.6% in the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock valued at $42,000 after buying an additional 170 shares in the last quarter. Finally, Bogart Wealth LLC increased its position in shares of 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 buying an additional 243 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. This trade represents a 27.81% 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 hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% 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 over the last ninety days. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

Capital One Financial stock traded down $1.61 during trading hours on Friday, hitting $228.13. The company had a trading volume of 4,825,233 shares, compared to its average volume of 2,808,706. The firm has a market cap of $145.89 billion, a PE ratio of 116.99, a PEG ratio of 0.88 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The firm has a 50-day moving average of $218.68 and a 200 day moving average of $197.59.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the business posted $3.14 earnings per share. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. On average, sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued 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 dividend yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Analyst Upgrades and Downgrades

COF has been the subject of a number of research reports. Royal Bank Of Canada increased their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Barclays reiterated an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Keefe, Bruyette & Woods increased their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Wells Fargo & Company increased their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and increased their target price for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $239.44.

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.