Carmel Capital Partners LLC Makes New $1.99 Million Investment in Capital One Financial Corporation $COF

Key Points

• Carmel Capital Partners LLC has invested approximately $1.99 million in Capital One Financial Corporation, acquiring 9,372 shares during the 2nd quarter.
• Analysts have mixed ratings for Capital One, with TD Cowen increasing their price target from $258 to $261, while UBS Group reduced theirs from $270 to $266, both maintaining "buy" ratings.
• Capital One Financial reports a quarterly dividend of $0.60, resulting in an annualized yield of 1.1%, despite a payout ratio exceeding 123%.

Carmel Capital Partners LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,372 shares of the financial services provider's stock, valued at approximately $1,994,000.

Several other hedge funds have also recently modified their holdings of COF. Brighton Jones LLC lifted its position in shares of 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 worth $2,423,000 after buying an additional 10,428 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Capital One Financial by 18.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 31,129 shares of the financial services provider's stock worth $5,582,000 after buying an additional 4,899 shares in the last quarter. Mission Wealth Management LP bought a new position in shares of Capital One Financial during the 1st quarter worth approximately $219,000. Sowell Financial Services LLC bought a new position in shares of Capital One Financial during the 1st quarter worth approximately $761,000. Finally, Johnson Investment Counsel Inc. lifted its position in shares of Capital One Financial by 7.4% during the 1st quarter. Johnson Investment Counsel Inc. now owns 1,456 shares of the financial services provider's stock worth $261,000 after buying an additional 100 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on COF shares. TD Cowen lifted their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a "buy" rating in a research report on Monday, October 6th. UBS Group lowered their price target on shares of Capital One Financial from $270.00 to $266.00 and set a "buy" rating on the stock in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Capital One Financial in a report on Wednesday, October 8th. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Capital One Financial from $215.00 to $224.00 and gave the stock a "hold" rating in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $252.78.

Capital One Financial Stock Up 4.0%

Capital One Financial stock opened at $211.25 on Friday. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The firm has a market capitalization of $135.10 billion, a price-to-earnings ratio of 108.33, a P/E/G ratio of 0.73 and a beta of 1.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a 50 day simple moving average of $219.01 and a 200 day simple moving average of $203.23.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share 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 analysts' expectations of $12.72 billion. During the same quarter in the prior year, the firm posted $3.14 earnings per share. The firm's quarterly revenue was up 31.4% on a year-over-year basis. On average, analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Insider Buying and Selling at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company's stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock valued at $5,103,824 over the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

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.

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