Empirical Financial Services LLC d.b.a. Empirical Wealth Management Makes New Investment in Capital One Financial Corporation (NYSE:COF)

Key Points

• Empirical Wealth Management has acquired a new position in Capital One Financial Corporation, purchasing 1,314 shares valued at approximately $236,000 in the first quarter.
• Recent research analyst reports indicate a positive outlook for Capital One, with price targets raised by firms such as Royal Bank of Canada and Citigroup, reflecting a consensus average price target of $238.81.
• Capital One Financial recently reported strong financial results, including $5.48 earnings per share for the last quarter, exceeding analyst expectations significantly.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,314 shares of the financial services provider's stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COF. Beacon Capital Management LLC boosted its position in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after acquiring an additional 97 shares during the last quarter. Bogart Wealth LLC boosted its position in shares of Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after acquiring an additional 243 shares during the last quarter. Motco boosted its position in shares of Capital One Financial by 115.1% during the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after acquiring an additional 137 shares during the last quarter. Rossby Financial LCC bought a new position in shares of Capital One Financial during the first quarter worth $48,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of Capital One Financial during the first quarter worth $54,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COF has been the subject of several research reports. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Bank of America increased their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Royal Bank Of Canada increased 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 report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Capital One Financial presently has an average rating of "Moderate Buy" and an average price target of $238.81.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the transaction, the insider owned 20,089 shares of the company's stock, valued at $4,005,746.60. The trade was a 32.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction that occurred 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 transaction, the director directly owned 56,244 shares in the company, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,847 shares of company stock valued at $5,696,173 in the last 90 days. Insiders own 1.26% of the company's stock.

Capital One Financial Stock Up 0.8%

NYSE COF traded up $1.75 during trading on Friday, reaching $209.04. 1,796,689 shares of the company's stock traded hands, compared to its average volume of 4,486,335. 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 firm has a market cap of $80.09 billion, a price-to-earnings ratio of 107.29, a price-to-earnings-growth ratio of 0.83 and a beta of 1.16. The company's 50 day simple moving average is $208.61 and its two-hundred day simple moving average is $193.18. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same period last year, the business posted $3.14 EPS. The company's revenue for the quarter was up 31.4% on a year-over-year basis. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a $0.60 dividend. The ex-dividend date of this dividend is 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 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.