Kozak & Associates Inc. lifted its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 3,424.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,714 shares of the financial services provider's stock after buying an additional 2,637 shares during the period. Kozak & Associates Inc.'s holdings in Capital One Financial were worth $592,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Charter Oak Capital Management LLC purchased a new stake in shares of Capital One Financial during the second quarter worth about $318,000. Trust Point Inc. acquired a new position in Capital One Financial in the second quarter worth about $414,000. Burns J W & Co. Inc. NY acquired a new position in Capital One Financial in the second quarter worth about $2,042,000. YHB Investment Advisors Inc. boosted its stake in Capital One Financial by 8.5% in the second quarter. YHB Investment Advisors Inc. now owns 16,829 shares of the financial services provider's stock valued at $3,581,000 after acquiring an additional 1,320 shares during the period. Finally, Global Financial Private Client LLC boosted its stake in Capital One Financial by 108.1% in the second quarter. Global Financial Private Client LLC now owns 1,432 shares of the financial services provider's stock valued at $305,000 after acquiring an additional 744 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.
Insider Activity at Capital One Financial
In related news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction on 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 transaction, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock valued at $4,679,844 in the last ninety days. Insiders own 1.26% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on COF. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Citigroup boosted their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Finally, Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $239.44.
View Our Latest Stock Analysis on Capital One Financial
Capital One Financial Trading Up 0.3%
COF traded up $0.72 during mid-day trading on Tuesday, hitting $226.13. The stock had a trading volume of 689,242 shares, compared to its average volume of 4,243,038. The stock's fifty day simple moving average is $218.78 and its 200-day simple moving average is $198.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $144.61 billion, a price-to-earnings ratio of 115.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-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, beating the consensus estimate 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 firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.14 earnings per share. As a group, research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.
Capital One Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.
About Capital One Financial
(
Free Report)
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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