Bruni J V & Co. Co. Purchases New Position in Capital One Financial Corporation $COF

Key Points

• Bruni J V & Co. Co. purchased a new 274,554-share stake in Capital One Financial during the second quarter, making COF approximately 5% of its portfolio and its seventh-largest holding.
• Capital One reported quarterly earnings of $5.81 per share, exceeding estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion.
• The company declared a quarterly dividend of $0.80 per share, equivalent to $3.20 annually and a 1.4% yield; analysts maintain a “Moderate Buy” consensus with a $259.36 average price target.

Bruni J V & Co. Co. purchased a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 274,554 shares of the financial services provider's stock, valued at approximately $55,081,023,000. Capital One Financial accounts for about 5.0% of Bruni J V & Co. Co.'s portfolio, making the stock its 7th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Command Advisory Services Inc. increased its position in Capital One Financial by 4.5% during the 4th quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider's stock worth $259,000 after buying an additional 46 shares during the period. Dogwood Wealth Management LLC boosted its position in shares of Capital One Financial by 26.0% in the fourth quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 47 shares during the period. High Note Wealth LLC grew its stake in shares of Capital One Financial by 44.9% in the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 48 shares in the last quarter. Fiducient Advisors LLC increased its position in Capital One Financial by 4.2% during the fourth quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider's stock worth $290,000 after acquiring an additional 48 shares during the period. Finally, Nicholas Hoffman & Company LLC. increased its position in Capital One Financial by 5.0% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider's stock worth $256,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 2,193 shares of Capital One Financial stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the transaction, the insider owned 63,261 shares in the company, valued at $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the business's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the transaction, the insider directly owned 26,328 shares of the company's stock, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 26,267 shares of company stock valued at $5,617,648. Company insiders own 0.78% of the company's stock.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $221.23 on Wednesday. The company's 50 day simple moving average is $206.52 and its 200 day simple moving average is $198.10. The stock has a market capitalization of $135.72 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion during the quarter, compared to analysts' expectations of $15.76 billion. During the same period in the prior year, the company earned $5.48 earnings per share. The company's quarterly revenue was up 26.9% on a year-over-year basis. As a group, research analysts predict that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.4%. Capital One Financial's dividend payout ratio (DPR) is 19.80%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on COF shares. UBS Group boosted their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Piper Sandler began coverage on shares of Capital One Financial in a research report on Monday, June 29th. They issued an "overweight" rating and a $254.00 price target for the company. Truist Financial cut their price target on Capital One Financial from $275.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, April 23rd. Argus reduced their price target on Capital One Financial from $260.00 to $250.00 and set a "buy" rating on the stock in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Capital One Financial from $256.00 to $250.00 and set a "hold" rating on the stock in a research note on Wednesday, April 22nd. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $259.36.

Capital One Financial Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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