Charter Oak Capital Management LLC Makes New Investment in Capital One Financial Corporation $COF

Key Points

• Charter Oak Capital Management LLC invested $318,000 in Capital One Financial Corporation, acquiring 1,494 shares during the second quarter.
• Capital One reported a significant earnings per share (EPS) of $5.48 for the last quarter, exceeding estimates by $3.55, along with a 31.4% increase in year-over-year revenue.
• The company recently announced a quarterly dividend of $0.60 per share, representing a 1.0% yield, with its current dividend payout ratio at 123.08%.

Charter Oak Capital Management LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,494 shares of the financial services provider's stock, valued at approximately $318,000.

Several other institutional investors and hedge funds have also modified their holdings of COF. Brighton Jones LLC grew its position in Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after acquiring an additional 10,428 shares during the last quarter. State of Wyoming purchased a new position in shares of Capital One Financial in the 4th quarter worth about $187,000. Woodline Partners LP purchased a new stake in Capital One Financial in the 4th quarter worth approximately $4,085,000. Williams Jones Wealth Management LLC. purchased a new stake in Capital One Financial in the 4th quarter worth approximately $227,000. Finally, Waverly Advisors LLC bought a new position in shares of Capital One Financial in the 4th quarter worth approximately $347,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, 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 can be accessed through this link. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 27,364 shares in the company, valued at approximately $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 sold 21,298 shares of company stock valued at $4,679,844 in the last 90 days. 1.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. 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 report on Wednesday, July 23rd. Wells Fargo & Company boosted their target price on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. 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. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Three investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

Capital One Financial Stock Up 0.3%

Shares of NYSE:COF traded up $0.72 during trading on Tuesday, hitting $226.13. The company's stock had a trading volume of 689,242 shares, compared to its average volume of 4,243,038. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The business has a 50 day moving average price of $218.78 and a two-hundred day moving average price of $198.19. The company has a market capitalization of $144.61 billion, a PE ratio of 115.99, a P/E/G ratio of 0.88 and a beta of 1.17. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45.

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 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. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.14 earnings per share. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders 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 of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

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.