EJF Capital LLC Increases Stake in Capital One Financial Corporation $COF

Key Points

• EJF Capital LLC increased its stake in Capital One Financial Corporation by 32.5% in Q1, holding 23,060 shares worth approximately $4.13 million, making it the firm's 9th largest position.
• Capital One Financial recently reported earnings of $5.48 per share for the last quarter, significantly exceeding analysts' estimates by $3.55, with revenues reaching $12.49 billion.
• The firm announced a quarterly dividend of $0.60, representing a 1.1% yield, with a payout ratio of 123.08% as of the latest filing.

EJF Capital LLC raised its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 32.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 23,060 shares of the financial services provider's stock after acquiring an additional 5,661 shares during the period. Capital One Financial makes up 2.6% of EJF Capital LLC's holdings, making the stock its 9th largest position. EJF Capital LLC's holdings in Capital One Financial were worth $4,135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth about $25,000. Saudi Central Bank acquired a new stake in shares of Capital One Financial during the 1st quarter worth approximately $27,000. Beacon Capital Management LLC boosted its position 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 buying an additional 97 shares in the last quarter. Bogart Wealth LLC boosted its position in Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after buying an additional 243 shares in the last quarter. Finally, Motco raised its stake in shares of Capital One Financial by 115.1% during the first quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America lifted their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Wells Fargo & Company boosted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their price target for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Capital One Financial Trading Down 0.1%

NYSE COF traded down $0.15 during trading on Tuesday, hitting $219.95. The company had a trading volume of 1,374,828 shares, compared to its average volume of 4,326,800. 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 company's fifty day moving average is $217.53 and its 200-day moving average is $195.74. The company has a market cap of $140.66 billion, a price-to-earnings ratio of 112.87, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a one year low of $131.55 and a one year high of $232.45.

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

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel owned 100,486 shares of the company's stock, valued at $22,448,572.40. This trade represents a 1.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock worth $4,679,844 over the last three months. Company insiders own 1.26% of the company's stock.

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.