Capital One Financial Corporation $COF Stock Position Lifted by PB Investment Partners L.P.

Key Points

• PB Investment Partners L.P. increased its shares in Capital One Financial Corporation by 2.3%, making it the firm's largest holding worth approximately $32.8 million.
• Analysts have positive outlooks for Capital One, with multiple firms raising their price targets, leading to an average target price of $252.78 and a consensus rating of "Moderate Buy."
• The company reported a quarterly earnings per share of $5.48, significantly surpassing the consensus estimate and achieving a year-over-year revenue growth of 31.4%.

PB Investment Partners L.P. boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 154,259 shares of the financial services provider's stock after purchasing an additional 3,500 shares during the quarter. Capital One Financial comprises 22.3% of PB Investment Partners L.P.'s portfolio, making the stock its biggest holding. PB Investment Partners L.P.'s holdings in Capital One Financial were worth $32,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COF. WPG Advisers LLC bought a new stake in Capital One Financial during the 1st quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC raised its stake 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 valued at $26,000 after purchasing an additional 62 shares during the period. Olistico Wealth LLC raised its stake in Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 101 shares during the period. Saudi Central Bank bought a new stake in Capital One Financial during the 1st quarter valued at approximately $27,000. Finally, RMG Wealth Management LLC bought a new stake in Capital One Financial during the 2nd quarter valued at approximately $27,000. Institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on COF shares. Keefe, Bruyette & Woods lifted their target price on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Barclays upped their price objective on Capital One Financial from $253.00 to $257.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Capital One Financial from $215.00 to $224.00 and gave the stock a "hold" rating in a report on Thursday, October 2nd. HSBC set a $218.00 price objective on Capital One Financial and gave the stock a "hold" rating in a report on Friday, October 10th. Finally, UBS Group decreased their price objective on Capital One Financial from $270.00 to $266.00 and set a "buy" rating on the stock in a report on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $252.78.

Capital One Financial Stock Performance

NYSE:COF opened at $214.98 on Thursday. The stock's fifty day moving average is $219.04 and its 200 day moving average is $202.84. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The firm has a market capitalization of $137.48 billion, a PE ratio of 110.25, a PEG ratio of 0.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

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, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the previous year, the company posted $3.14 EPS. The business's quarterly revenue was up 31.4% on a year-over-year basis. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Insider Buying and Selling

In related news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel owned 98,486 shares in the company, valued at $20,878,047.14. The trade was a 1.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is currently owned by corporate insiders.

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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