Edgar Lomax Co. VA Purchases 40,425 Shares of Capital One Financial Corporation $COF

Key Points

• Edgar Lomax Co. VA raised its stake in Capital One Financial by 42.7% to a total of 135,175 shares, valued at approximately $24.24 million.
• Capital One Financial reported earnings of $5.48 per share for the latest quarter, significantly exceeding analysts' expectations of $1.93.
• The company announced a quarterly dividend of $0.60 per share, representing a dividend yield of 1.1% with a payout ratio of 123.08%.

Edgar Lomax Co. VA raised its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 42.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,175 shares of the financial services provider's stock after acquiring an additional 40,425 shares during the period. Capital One Financial comprises about 1.5% of Edgar Lomax Co. VA's investment portfolio, making the stock its 26th largest position. Edgar Lomax Co. VA's holdings in Capital One Financial were worth $24,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in COF. Opal Wealth Advisors LLC increased its holdings in shares of Capital One Financial by 3.1% during the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock worth $386,000 after acquiring an additional 64 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Capital One Financial by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock valued at $97,000 after acquiring an additional 66 shares during the last quarter. Aspiriant LLC boosted its stake in Capital One Financial by 2.4% during the 1st quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock valued at $522,000 after purchasing an additional 67 shares during the last quarter. Citizens National Bank Trust Department raised its holdings in Capital One Financial by 25.7% in the 1st quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock worth $59,000 after purchasing an additional 67 shares during the period. Finally, CVA Family Office LLC increased its holdings in shares of Capital One Financial by 5.9% in the first quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider's stock worth $259,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 89.84% of the company's stock.

Insider Buying and Selling

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction that occurred 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 owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,091 shares of company stock worth $4,188,454 in the last ninety days. Insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

Shares of COF stock opened at $215.48 on Monday. 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 stock has a 50 day moving average price of $211.17 and a 200 day moving average price of $193.57. The firm has a market capitalization of $137.80 billion, a P/E ratio of 110.50, a P/E/G ratio of 0.84 and a beta of 1.16. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45.

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, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the previous year, the firm posted $3.14 EPS. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, August 15th. Capital One Financial's payout ratio is currently 123.08%.

Analysts Set New Price Targets

COF has been the topic of several recent research reports. TD Cowen raised 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. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Barclays restated an "overweight" rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, Royal Bank Of Canada upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

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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