Capital One Financial Corporation $COF is Kingstone Capital Partners Texas LLC's 9th Largest Position

Key Points

• Kingstone Capital Partners Texas LLC dramatically increased its holdings in Capital One Financial, acquiring 588,668.3% more shares, bringing its total ownership to about 30.65%, valued at approximately $24.99 billion.
• Capital One Financial reported a quarterly EPS of $5.48, significantly exceeding estimates, while revenue increased by 31.4% year-over-year despite slightly missing expectations.
• The company announced a $0.60 quarterly dividend, equating to an annual yield of 1.0%, but its payout ratio is relatively high at 123.08%.

Kingstone Capital Partners Texas LLC increased its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 588,668.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 117,447,497 shares of the financial services provider's stock after purchasing an additional 117,427,549 shares during the period. Capital One Financial accounts for 3.4% of Kingstone Capital Partners Texas LLC's holdings, making the stock its 9th biggest holding. Kingstone Capital Partners Texas LLC owned about 30.65% of Capital One Financial worth $24,988,129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of Capital One Financial during the first quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in Capital One Financial in the first quarter valued at approximately $27,000. Beacon Capital Management LLC boosted its stake in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 97 shares in the last quarter. Nova Wealth Management Inc. boosted its stake in Capital One Financial by 629.6% in the second quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 170 shares in the last quarter. Finally, Family Legacy Financial Solutions LLC acquired a new stake in Capital One Financial in the second quarter valued at approximately $42,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Performance

Shares of NYSE:COF traded down $1.61 on Friday, hitting $228.13. 4,825,233 shares of the company were exchanged, compared to its average volume of 2,808,706. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The stock's 50 day moving average price is $218.68 and its 200 day moving average price is $197.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $145.89 billion, a P/E ratio of 116.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the previous year, the firm posted $3.14 earnings per share. The company's quarterly revenue was up 31.4% on a year-over-year basis. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's payout ratio is presently 123.08%.

Insider Activity at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel directly owned 100,486 shares in the company, valued at approximately $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company's stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a "buy" rating and a $290.00 target price for the company. Finally, Citigroup raised their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and a consensus target price of $239.44.

Capital One Financial 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.