Vestmark Advisory Solutions Inc. Has $1.50 Million Holdings in Capital One Financial Corporation $COF

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in Capital One Financial by 127.3%, owning 8,350 shares worth approximately $1.5 million at the end of the reporting period.
• Capital One reported $5.48 EPS for the last quarter, exceeding analysts' expectations, while quarterly revenue increased by 31.4% year-over-year.
• The firm announced a quarterly dividend of $0.60 per share, reflecting a yield of 1.1%, with a payout ratio currently at 123.08%.

Vestmark Advisory Solutions Inc. boosted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 127.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,350 shares of the financial services provider's stock after purchasing an additional 4,676 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Capital One Financial were worth $1,497,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COF. Brighton Jones LLC boosted its position in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after purchasing an additional 10,428 shares during the period. NewEdge Advisors LLC raised its stake in Capital One Financial by 42.3% during the 4th quarter. NewEdge Advisors LLC now owns 10,202 shares of the financial services provider's stock valued at $1,819,000 after acquiring an additional 3,031 shares in the last quarter. Farringdon Capital Ltd. bought a new stake in Capital One Financial during the 4th quarter valued at $372,000. Capital International Sarl raised its stake in Capital One Financial by 3.2% during the 4th quarter. Capital International Sarl now owns 4,871 shares of the financial services provider's stock valued at $869,000 after acquiring an additional 153 shares in the last quarter. Finally, GeoWealth Management LLC raised its stake in Capital One Financial by 78.7% during the 4th quarter. GeoWealth Management LLC now owns 2,728 shares of the financial services provider's stock valued at $486,000 after acquiring an additional 1,201 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Trading Down 0.0%

Shares of NYSE COF traded down $0.0090 during mid-day trading on Wednesday, hitting $214.6110. 2,965,845 shares of the company traded hands, compared to its average volume of 4,433,929. Capital One Financial Corporation has a 1 year low of $131.55 and a 1 year high of $232.45. The stock has a market capitalization of $137.25 billion, a price-to-earnings ratio of 110.06, a PEG ratio of 0.84 and a beta of 1.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average of $211.78 and a two-hundred day moving average of $193.80.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS 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 period in the prior year, the company earned $3.14 earnings per share. The company's revenue for the quarter 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 fiscal year.

Capital One Financial Announces Dividend

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

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the company's 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 transaction, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were 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 in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,298 shares of company stock valued at $4,233,044. Company insiders own 1.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. 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. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Barclays reissued an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average target price of $238.81.

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.