Clifford Swan Investment Counsel LLC Makes New $514,000 Investment in Capital One Financial Corporation $COF

Key Points

• Clifford Swan Investment Counsel LLC has made a new investment in Capital One Financial Corporation, purchasing 2,416 shares valued at approximately $514,000 during the 2nd quarter.
• Capital One reported strong quarterly earnings with $5.95 earnings per share, surpassing estimates, and a revenue of $15.36 billion, indicating a year-over-year growth of 53.4%.
• The company also announced a quarterly dividend of $0.60 per share, resulting in an annual yield of 1.1%, though its dividend payout ratio stands at a high 123.08%.

Clifford Swan Investment Counsel LLC acquired 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,416 shares of the financial services provider's stock, valued at approximately $514,000.

Several other institutional investors have also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC raised its holdings in Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock worth $24,988,129,000 after buying an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. raised its holdings in Capital One Financial by 1.6% during the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock worth $5,782,590,000 after buying an additional 506,105 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Capital One Financial by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after acquiring an additional 950,415 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Capital One Financial by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock worth $854,647,000 after acquiring an additional 734,939 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Capital One Financial by 45.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock worth $838,609,000 after acquiring an additional 1,454,595 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Price Performance

COF opened at $219.94 on Friday. The firm has a market cap of $140.65 billion, a P/E ratio of 92.80, a PEG ratio of 0.79 and a beta of 1.18. The firm has a 50-day moving average of $219.19 and a 200 day moving average of $204.75. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.03. 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 posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, beating the consensus estimate of $4.25 by $1.70. The company had revenue of $15.36 billion during the quarter, compared to analyst estimates of $15.06 billion. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm's revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.51 earnings per share. On average, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. 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 dividend payout ratio (DPR) is currently 123.08%.

Analysts Set New Price Targets

COF has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Robert W. Baird upped their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Capital One Financial from $215.00 to $224.00 and gave the stock a "hold" rating in a research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.79.

Insiders Place Their Bets

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction dated 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 owned 27,364 shares of the company's stock, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,184 shares of company stock worth $2,799,248 over the last quarter. 1.26% of the stock is currently owned by company insiders.

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.

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