Capital One Financial Corporation $COF Shares Bought by Praxis Investment Management Inc.

Key Points

• Praxis Investment Management Inc. significantly increased its stake in Capital One Financial by 59.7% during the second quarter, now holding shares valued at approximately $3,347,000.
• Capital One Financial's recent earnings report revealed earnings per share of $5.48, exceeding analyst expectations of $1.93, reflecting a 31.4% year-over-year growth in revenue.
• Insider selling activity included General Counsel Matthew W. Cooper, who sold 2,000 shares for a total of approximately $423,980, representing a 1.99% decrease in their ownership.

Praxis Investment Management Inc. boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 59.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 15,730 shares of the financial services provider's stock after acquiring an additional 5,880 shares during the quarter. Praxis Investment Management Inc.'s holdings in Capital One Financial were worth $3,347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC lifted its position in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after acquiring an additional 62 shares during the period. Olistico Wealth LLC lifted its holdings in shares of Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after buying an additional 101 shares during the period. RMG Wealth Management LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at about $27,000. Signature Resources Capital Management LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at about $28,000. Finally, WPG Advisers LLC acquired a new position in shares of Capital One Financial in the 1st quarter valued at about $25,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock valued at $5,103,824 in the last 90 days. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

NYSE COF opened at $203.04 on Friday. The stock has a market capitalization of $129.85 billion, a price-to-earnings ratio of 104.12, a PEG ratio of 0.78 and a beta of 1.18. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month 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 50-day moving average of $218.95 and a 200 day moving average of $203.00.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly 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 business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The business's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.14 EPS. Sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 15th. Capital One Financial's payout ratio is 123.08%.

Analyst Ratings Changes

COF has been the subject of several analyst reports. Robert W. Baird boosted their price objective on Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a report on Thursday, October 2nd. HSBC set a $218.00 price objective on Capital One Financial and gave the company a "hold" rating in a report on Friday, October 10th. Morgan Stanley boosted their price objective on Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company boosted their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $252.78.

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.

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