Cumberland Partners Ltd Acquires Shares of 9,500 Capital One Financial Corporation (NYSE:COF)

Key Points

• Cumberland Partners Ltd has acquired 9,500 shares of Capital One Financial Corporation, valued at approximately $1.7 million, as reported in their recent SEC filing.
• Capital One reported earnings per share of $5.48 for the last quarter, significantly exceeding the consensus estimate of $1.93.
• The company declared a quarterly dividend of $0.60, to be paid on September 2nd, with a current payout ratio of 123.08%.

Cumberland Partners Ltd acquired a new position in Capital One Financial Corporation (NYSE:COF) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,500 shares of the financial services provider's stock, valued at approximately $1,703,000.

A number of other large investors have also recently made changes to their positions in the business. Beacon Capital Management LLC lifted its holdings in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 97 shares during the last quarter. Bogart Wealth LLC lifted its stake in shares of Capital One Financial by 1,518.8% in the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 243 shares during the last quarter. Motco lifted its stake in shares of Capital One Financial by 115.1% in the 1st quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 137 shares during the last quarter. Rossby Financial LCC purchased a new position in shares of Capital One Financial in the 1st quarter worth approximately $48,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of Capital One Financial during the 1st quarter valued at approximately $54,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Price Performance

Shares of COF stock opened at $207.47 on Friday. Capital One Financial Corporation has a twelve month low of $128.23 and a twelve month high of $232.45. 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 stock has a fifty day simple moving average of $206.91 and a two-hundred day simple moving average of $192.61. The stock has a market capitalization of $79.49 billion, a price-to-earnings ratio of 106.40, a P/E/G ratio of 0.85 and a beta of 1.16.

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 the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter in the previous year, the firm earned $3.14 earnings per share. The business's revenue was up 31.4% compared to the same quarter last year. On average, analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a $0.60 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. Capital One Financial's payout ratio is currently 123.08%.

Wall Street Analyst Weigh In

COF has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Barclays reissued an "overweight" rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Royal Bank Of Canada lifted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price target for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Finally, Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research report on Friday. They issued a "buy" rating and a $290.00 price objective on the stock. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Insider Activity

In other Capital One Financial news, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director owned 56,244 shares in the company, valued at $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction 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 sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,332 shares of company stock worth $4,540,285. 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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