Capital One Financial Corporation $COF Shares Bought by Signaturefd LLC

Key Points

• Signaturefd LLC significantly increased its stake in Capital One Financial, acquiring an additional 8,795 shares, resulting in a 92.7% growth in their holdings during the second quarter.
• Barclays and TD Cowen both upgraded Capital One Financial's stock rating, with price targets now set as high as $275.00, reflecting a strong outlook among analysts.
• Capital One Financial reported earnings of $5.48 per share, greatly exceeding estimates, while revenue saw a year-over-year increase of 31.4%.

Signaturefd LLC grew its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 92.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,282 shares of the financial services provider's stock after buying an additional 8,795 shares during the quarter. Signaturefd LLC's holdings in Capital One Financial were worth $3,890,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after acquiring an additional 10,428 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Capital One Financial by 14.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,230 shares of the financial services provider's stock worth $4,677,000 after purchasing an additional 3,226 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new stake in shares of Capital One Financial during the fourth quarter worth about $108,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Capital One Financial by 2.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 9,516 shares of the financial services provider's stock worth $1,706,000 after purchasing an additional 234 shares during the last quarter. Finally, Kera Capital Partners Inc. purchased a new position in Capital One Financial in the 1st quarter valued at about $212,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COF has been the subject of several research reports. Barclays reiterated an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and boosted their price target for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Finally, Citigroup increased 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 report on Thursday, July 24th. Three research 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $239.44.

Capital One Financial Trading Up 0.7%

Shares of COF opened at $223.97 on Friday. 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 50-day moving average price of $219.28 and a 200 day moving average price of $199.35. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The firm has a market capitalization of $143.23 billion, a P/E ratio of 114.86, a P/E/G ratio of 0.85 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. The business's quarterly revenue was up 31.4% on a year-over-year basis. During the same period last year, the company earned $3.14 EPS. Sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS 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 given a $0.60 dividend. The ex-dividend date was 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%.

Insiders Place Their Bets

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the transaction, the general counsel directly owned 100,486 shares of the company's stock, valued at $22,448,572.40. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,298 shares of company stock worth $4,679,844. 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.

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