Cramer Rosenthal Mcglynn LLC Buys 35,613 Shares of Capital One Financial Corporation $COF

Key Points

• Cramer Rosenthal Mcglynn LLC increased its holdings in Capital One Financial by 56.3%, now owning 98,849 shares valued at approximately $17.7 million as of the latest filing.
• Insider selling includes Timothy P. Golden selling 207 shares for nearly $45,000, which represents a 2.3% decrease in his ownership in the company.
• Capital One Financial's stock recently opened at $221.22 and reported strong earnings of $5.48 per share, exceeding analysts' expectations significantly.

Cramer Rosenthal Mcglynn LLC grew its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 56.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,849 shares of the financial services provider's stock after acquiring an additional 35,613 shares during the quarter. Cramer Rosenthal Mcglynn LLC's holdings in Capital One Financial were worth $17,724,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Capital One Financial by 186.3% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 61,832 shares of the financial services provider's stock worth $11,086,000 after purchasing an additional 40,232 shares in the last quarter. Bank of Hawaii bought a new stake in shares of Capital One Financial in the first quarter valued at approximately $512,000. Comerica Bank grew its position in Capital One Financial by 9.0% during the first quarter. Comerica Bank now owns 104,324 shares of the financial services provider's stock worth $18,705,000 after buying an additional 8,640 shares in the last quarter. ICONIQ Capital LLC grew its position in Capital One Financial by 24.1% during the first quarter. ICONIQ Capital LLC now owns 2,099 shares of the financial services provider's stock worth $376,000 after buying an additional 407 shares in the last quarter. Finally, Oliver Luxxe Assets LLC increased its stake in Capital One Financial by 3.8% during the 1st quarter. Oliver Luxxe Assets LLC now owns 43,203 shares of the financial services provider's stock worth $7,746,000 after acquiring an additional 1,585 shares during the period. 89.84% of the stock is owned by institutional investors.

Capital One Financial Price Performance

NYSE:COF traded up $2.77 on Thursday, hitting $227.32. The company had a trading volume of 2,822,261 shares, compared to its average volume of 3,340,561. Capital One Financial Corporation has a 52 week low of $131.55 and a 52 week high of $232.45. 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 stock has a market capitalization of $145.38 billion, a price-to-earnings ratio of 116.57, a PEG ratio of 0.88 and a beta of 1.16. The firm has a 50 day moving average of $214.58 and a two-hundred day moving average of $194.56.

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

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's payout ratio is currently 123.08%.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the sale, the chief accounting officer owned 8,780 shares in the company, valued at $1,891,299.80. The trade was a 2.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,298 shares of company stock worth $4,233,044 in the last 90 days. Insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on COF shares. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and raised their price target for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Wells Fargo & Company raised their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Royal Bank Of Canada raised their price target on 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, JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $238.81.

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.