Kovitz Investment Group Partners LLC Boosts Stake in Capital One Financial Corporation $COF

Key Points

• Kovitz Investment Group Partners LLC increased its holdings in Capital One Financial by 115.7%, owning 150,738 shares valued at $27 million as of the last quarter.
• The company's stock is currently trading around $221.08, with a 52-week range between $131.55 and $232.45, indicating significant market variability.
• Capital One recently announced a $0.60 quarterly dividend, which represents an annualized rate of $2.40 and a yield of 1.1%, despite a payout ratio exceeding 123%.

Kovitz Investment Group Partners LLC grew its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 115.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,738 shares of the financial services provider's stock after buying an additional 80,847 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Capital One Financial were worth $27,027,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Lone Pine Capital LLC bought a new stake in Capital One Financial during the fourth quarter worth about $577,012,000. Diamond Hill Capital Management Inc. bought a new position in shares of Capital One Financial in the first quarter worth approximately $381,848,000. Meritage Group LP bought a new position in shares of Capital One Financial in the fourth quarter worth approximately $227,662,000. Bank of New York Mellon Corp grew its stake in Capital One Financial by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after acquiring an additional 950,415 shares in the last quarter. Finally, Third Point LLC purchased a new position in Capital One Financial during the fourth quarter valued at $164,946,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

COF has been the subject of several analyst reports. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target 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. Wells Fargo & Company upped their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Rothschild & Co Redburn began coverage on shares of Capital One Financial in a research 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated 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 sale, 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. Over the last three months, insiders sold 19,091 shares of company stock valued at $4,188,454. 1.26% of the stock is owned by insiders.

Capital One Financial Price Performance

Shares of COF stock traded down $1.9650 during trading hours on Tuesday, reaching $214.2350. 1,348,566 shares of the company were exchanged, compared to its average volume of 4,435,654. 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 company has a market cap of $137.01 billion, a price-to-earnings ratio of 110.00, a P/E/G ratio of 0.84 and a beta of 1.16. The stock's fifty day moving average is $211.51 and its two-hundred day moving average is $193.66. Capital One Financial Corporation has a fifty-two week low of $131.55 and a fifty-two week high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the business earned $3.14 earnings per share. Sell-side 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued 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 is Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Capital One Financial 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.