Court Place Advisors LLC Takes Position in Capital One Financial Corporation $COF

Key Points

• Court Place Advisors LLC has acquired a new stake in Capital One Financial, purchasing 1,907 shares valued at approximately $406,000 during the 2nd quarter.
• Wall Street analysts are generally positive, with three analysts rating Capital One as a Strong Buy, while the average target price is set at $250.44.
• Capital One Financial reported a significant EPS of $5.48 for the last quarter, exceeding analysts' estimates of $1.93, alongside a revenue increase of 31.4% year-over-year.

Court Place Advisors LLC bought a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,907 shares of the financial services provider's stock, valued at approximately $406,000.

Several other hedge funds have also recently made changes to their positions in COF. Brighton Jones LLC raised 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 valued at $2,423,000 after buying an additional 10,428 shares in the last quarter. Handelsbanken Fonder AB raised its position in Capital One Financial by 1.5% in the 1st quarter. Handelsbanken Fonder AB now owns 107,453 shares of the financial services provider's stock worth $19,266,000 after purchasing an additional 1,573 shares during the period. Simon Quick Advisors LLC raised its position in Capital One Financial by 22.8% in the 1st quarter. Simon Quick Advisors LLC now owns 2,708 shares of the financial services provider's stock worth $486,000 after purchasing an additional 503 shares during the period. Fifth Third Bancorp raised its position in Capital One Financial by 16.5% in the 1st quarter. Fifth Third Bancorp now owns 31,899 shares of the financial services provider's stock worth $5,719,000 after purchasing an additional 4,509 shares during the period. Finally, Founders Grove Wealth Partners LLC purchased a new stake in Capital One Financial in the 1st quarter worth about $219,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on COF shares. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. TD Cowen increased their price objective 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. Robert W. Baird increased their price objective on shares of Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a research report on Thursday, October 2nd. Morgan Stanley increased their price objective on shares of Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a research report on Monday, September 29th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Capital One Financial in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and a consensus price target of $250.44.

Capital One Financial Price Performance

Shares of COF stock opened at $210.50 on Friday. 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 capitalization of $134.62 billion, a P/E ratio of 107.95, a P/E/G ratio of 0.78 and a beta of 1.18. The company's 50-day simple moving average is $219.12 and its two-hundred day simple moving average is $201.98. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter in the prior year, the company earned $3.14 earnings per share. Capital One Financial's revenue was up 31.4% on a year-over-year basis. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 presently 123.08%.

Insider Buying and Selling at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel directly owned 98,486 shares of the company's stock, valued at $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is owned by corporate 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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