Aberdeen Group plc raised its position in shares of Capital One Financial Corporation (NYSE:COF) by 76.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 479,609 shares of the financial services provider's stock after buying an additional 207,455 shares during the quarter. Aberdeen Group plc owned 0.13% of Capital One Financial worth $102,042,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Acima Private Wealth LLC lifted its stake in Capital One Financial by 1,995.0% during the second quarter. Acima Private Wealth LLC now owns 2,095 shares of the financial services provider's stock valued at $446,000 after buying an additional 1,995 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in Capital One Financial by 144.0% during the second quarter. JFS Wealth Advisors LLC now owns 344 shares of the financial services provider's stock valued at $73,000 after buying an additional 203 shares in the last quarter. Zullo Investment Group Inc. lifted its stake in Capital One Financial by 13.3% during the second quarter. Zullo Investment Group Inc. now owns 2,735 shares of the financial services provider's stock valued at $582,000 after buying an additional 321 shares in the last quarter. First Fiduciary Investment Counsel Inc. lifted its stake in Capital One Financial by 3.1% during the second quarter. First Fiduciary Investment Counsel Inc. now owns 58,162 shares of the financial services provider's stock valued at $12,375,000 after buying an additional 1,736 shares in the last quarter. Finally, Strong Tower Advisory Services lifted its stake in Capital One Financial by 2.5% during the second quarter. Strong Tower Advisory Services now owns 41,284 shares of the financial services provider's stock valued at $8,784,000 after buying an additional 988 shares in the last quarter. 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, 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 27,364 shares in the company, 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 sold a total of 23,298 shares of company stock worth $5,103,824 in the last ninety days. Insiders own 1.26% of the company's stock.
Capital One Financial Price Performance
Shares of COF opened at $202.37 on Friday. The firm has a market cap of $129.42 billion, a PE ratio of 103.78, a PEG ratio of 0.77 and a beta of 1.18. The firm's 50 day moving average price is $219.02 and its 200 day moving average price is $202.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45.
Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating 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. Capital One Financial's revenue was up 31.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.14 EPS. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.
Capital One Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Keefe, Bruyette & Woods increased their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Royal Bank Of Canada increased 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 report on Wednesday, July 23rd. Finally, TD Cowen increased their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a "buy" rating in a research report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average target price of $252.78.
Check Out Our Latest Research Report on Capital One Financial
Capital One Financial Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).
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