Capital One Financial Corporation $COF Shares Acquired by Baird Financial Group Inc.

Key Points

• Baird Financial Group increased its Capital One stake by 17% in the second quarter, purchasing 36,138 additional shares and bringing its holdings to 249,039 shares valued at about $50 million. Institutional investors and hedge funds own 89.84% of the company.
• Analyst sentiment remains positive, with 21 Buy ratings and three Holds. Capital One has an average “Moderate Buy” rating and an average price target of $258.91, despite several analysts recently lowering their targets.
• Capital One reported quarterly EPS of $5.81, exceeding estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion. The company also declared a quarterly dividend of $0.80 per share, representing a 1.5% yield.

Baird Financial Group Inc. increased its stake in Capital One Financial Corporation (NYSE:COF) by 17.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,039 shares of the financial services provider's stock after buying an additional 36,138 shares during the period. Baird Financial Group Inc.'s holdings in Capital One Financial were worth $49,962,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. lifted its holdings in Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider's stock worth $26,000 after buying an additional 90 shares during the last quarter. Solstein Capital LLC acquired a new position in shares of Capital One Financial in the 2nd quarter worth approximately $26,000. VSM Wealth Advisory LLC bought a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC increased its holdings in shares of Capital One Financial by 1,312.5% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 105 shares during the last quarter. Finally, Ballast Advisors LLC acquired a new stake in shares of Capital One Financial during the 1st quarter valued at approximately $27,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COF has been the topic of several research analyst reports. Bank of America reduced their price objective on Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Citigroup lowered their target price on shares of Capital One Financial from $310.00 to $295.00 and set a "buy" rating for the company in a research note on Tuesday, July 28th. TD Cowen dropped their target price on shares of Capital One Financial from $260.00 to $253.00 and set a "buy" rating on the stock in a report on Tuesday, July 7th. Weiss Ratings raised shares of Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Finally, Barclays reduced their price target on shares of Capital One Financial from $242.00 to $240.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $258.91.

Capital One Financial Stock Down 1.2%

Shares of Capital One Financial stock opened at $211.29 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The business's 50 day simple moving average is $212.56 and its 200-day simple moving average is $198.16. The stock has a market capitalization of $129.62 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 0.79 and a beta of 1.02. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.79 by $1.02. The business had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business's revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.48 EPS. Equities research analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.80 per share. The ex-dividend date was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial's dividend payout ratio is currently 19.80%.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the business's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the transaction, the insider directly owned 27,992 shares of the company's stock, valued at $6,102,815.84. The trade was a 16.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Celia Karam sold 1,888 shares of the company's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $425,781.76. Following the completion of the transaction, the insider owned 59,708 shares of the company's stock, valued at approximately $13,465,348.16. This trade represents a 3.07% 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 29,767 shares of company stock worth $6,366,998. 0.78% of the stock is owned by company insiders.

Capital One Financial Profile

Capital One Financial Corporation NYSE: COF is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.

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