Cullinan Associates Inc. Invests $281,000 in Capital One Financial Corporation $COF

Key Points

• Cullinan Associates Inc. invested approximately $281,000 in Capital One Financial Corporation, acquiring 1,319 shares during Q2.
• Several hedge funds increased their positions in Capital One, with overall institutional investors now owning 89.84% of the company's stock.
• Analysts have raised their target prices on Capital One's shares, with a consensus price target of $249.06 and a rating of "Moderate Buy."

Cullinan Associates Inc. purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,319 shares of the financial services provider's stock, valued at approximately $281,000.

A number of other hedge funds also recently modified their holdings of the business. Sendero Wealth Management LLC raised its position in shares of Capital One Financial by 7.4% during the second quarter. Sendero Wealth Management LLC now owns 48,713 shares of the financial services provider's stock worth $10,364,000 after purchasing an additional 3,338 shares during the period. Valeo Financial Advisors LLC raised its position in Capital One Financial by 45.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 9,015 shares of the financial services provider's stock valued at $1,918,000 after buying an additional 2,805 shares during the last quarter. DAVENPORT & Co LLC raised its position in Capital One Financial by 4.6% in the 2nd quarter. DAVENPORT & Co LLC now owns 71,633 shares of the financial services provider's stock valued at $15,240,000 after buying an additional 3,147 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new stake in Capital One Financial in the 2nd quarter valued at approximately $499,000. Finally, Global Assets Advisory LLC acquired a new stake in Capital One Financial in the 2nd quarter valued at approximately $253,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on COF shares. Evercore ISI lifted their target price on Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th. 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. Citigroup lifted their target price on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a research report on Thursday. Finally, Rothschild & Co Redburn started coverage on Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 target price on the stock. Three 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $249.06.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 5,515 shares of the business's 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the transaction, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 owned by insiders.

Capital One Financial Stock Up 0.3%

NYSE:COF opened at $214.39 on Monday. The firm has a market capitalization of $137.10 billion, a price-to-earnings ratio of 109.94, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The stock's 50 day moving average price is $219.30 and its two-hundred day moving average price is $201.35. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period last year, the firm earned $3.14 EPS. Equities research analysts expect 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 announced 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

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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