Capital One Financial Corporation $COF Shares Purchased by CX Institutional

Key Points

• CX Institutional increased its stake in Capital One Financial by 16.8%, owning 31,470 shares worth $6.7 million after purchasing additional shares in the second quarter.
• Recent insider transactions include General Counsel Matthew W. Cooper selling 2,000 shares, reducing his position by 1.95%.
• Capital One Financial reported a quarterly EPS of $5.48, exceeding analyst expectations, with revenues up 31.4% year-over-year.

CX Institutional boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 16.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,470 shares of the financial services provider's stock after purchasing an additional 4,518 shares during the period. CX Institutional's holdings in Capital One Financial were worth $6,696,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of COF. Brighton Jones LLC raised its stake in Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after purchasing an additional 10,428 shares during the period. State of Wyoming purchased a new position in Capital One Financial during the fourth quarter worth approximately $187,000. Woodline Partners LP purchased a new position in Capital One Financial during the fourth quarter worth approximately $4,085,000. Waverly Advisors LLC purchased a new position in Capital One Financial during the fourth quarter worth approximately $347,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in Capital One Financial during the fourth quarter worth approximately $250,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Activity

In related 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 sale, the general counsel 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial 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 directly owned 8,780 shares in the company, valued at $1,891,299.80. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,298 shares of company stock worth $4,679,844. Corporate insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on COF shares. Keefe, Bruyette & Woods increased their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Wells Fargo & Company raised their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Royal Bank Of Canada raised their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Finally, Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Three 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $239.44.

Capital One Financial Stock Performance

Shares of COF stock opened at $228.13 on Friday. The company's fifty day simple moving average is $218.68 and its 200-day simple moving average is $197.59. Capital One Financial Corporation has a 52 week low of $143.22 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 company has a market cap of $145.89 billion, a PE ratio of 116.99, a P/E/G ratio of 0.88 and a beta of 1.17.

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 (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same period last year, the firm earned $3.14 EPS. The business's quarterly revenue was up 31.4% on a year-over-year basis. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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

About Capital One Financial

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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