Commerce Bank Buys 13,829 Shares of Capital One Financial Corporation (NYSE:COF)

Key Points

• Commerce Bank increased its holdings in Capital One Financial by 4.1% during the first quarter, owning a total of 353,354 shares valued at approximately $63.4 million at the end of the period.
• Capital One Financial recently announced earnings of $5.48 per share, significantly surpassing analysts' expectations, and reported quarterly revenue of $12.49 billion.
• The company disclosed a quarterly dividend of $0.60 per share, translating to an annualized dividend yield of 1.1%, with the payout scheduled for September 2nd.

Commerce Bank raised its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 4.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 353,354 shares of the financial services provider's stock after acquiring an additional 13,829 shares during the quarter. Commerce Bank owned approximately 0.09% of Capital One Financial worth $63,356,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COF. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after acquiring an additional 9,374 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in Capital One Financial by 105.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after buying an additional 394 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after buying an additional 1,312 shares in the last quarter. Mutual Advisors LLC bought a new position in Capital One Financial in the 1st quarter valued at $215,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Capital One Financial in the 4th quarter valued at $91,780,000. 89.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the transaction, the insider owned 20,089 shares of the company's stock, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,332 shares of company stock valued at $4,540,285 in the last quarter. 1.26% of the stock is currently owned by insiders.

Capital One Financial Stock Down 3.5%

NYSE COF traded down $7.53 on Friday, reaching $207.47. The company had a trading volume of 4,793,743 shares, compared to its average volume of 3,819,390. The company's fifty day moving average is $206.91 and its 200-day moving average is $192.63. The firm has a market capitalization of $79.49 billion, a price-to-earnings ratio of 106.40, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. 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 Corporation has a 1-year low of $128.23 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 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The business's revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.14 earnings per share. On average, research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

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

Analyst Ratings Changes

COF has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price target on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Bank of America boosted their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a report on Friday. They issued a "buy" rating and a $290.00 price objective on the stock. Finally, Royal Bank Of Canada lifted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

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.