Empowered Funds LLC Makes New Investment in Capital One Financial Corporation $COF

Key Points

• Empowered Funds LLC acquired 109,768 shares of Capital One Financial in the second quarter, valued at approximately $22 million. Institutional investors collectively own 89.84% of the company.
• Analysts maintain a positive outlook, with 21 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $258.91.
• Capital One exceeded quarterly earnings expectations, reporting $5.81 in EPS and $15.83 billion in revenue, while declaring a quarterly dividend of $0.80 per share, yielding about 1.5% annually.

Empowered Funds LLC bought a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 109,768 shares of the financial services provider's stock, valued at approximately $22,022,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of COF. Evolution Wealth Management Inc. boosted its position in Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider's stock worth $26,000 after purchasing an additional 90 shares during the last quarter. Solstein Capital LLC bought a new position in shares of Capital One Financial in the 2nd quarter worth approximately $26,000. VSM Wealth Advisory LLC purchased a new position in shares of Capital One Financial in the fourth quarter worth approximately $27,000. Cherry Tree Wealth Management LLC grew its position in Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider's stock valued at $27,000 after buying an additional 105 shares during the period. Finally, Ballast Advisors LLC bought a new stake in Capital One Financial during the first quarter valued at approximately $27,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COF. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a research note on Thursday, August 20th. Wolfe Research lifted their target price on Capital One Financial from $255.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday. Citigroup cut their price target on Capital One Financial from $310.00 to $295.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. BTIG Research upped their price target on Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Finally, Bank of America lowered their price objective on Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus price target of $258.91.

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the business's stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the transaction, the general counsel owned 90,194 shares of the company's stock, valued at approximately $18,760,352. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the transaction, the insider owned 63,261 shares of the company's stock, valued at approximately $14,266,620.72. This represents a 3.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 26,267 shares of company stock worth $5,617,648 in the last quarter. 0.78% of the stock is owned by insiders.

Capital One Financial Trading Down 0.1%

Shares of Capital One Financial stock opened at $216.91 on Friday. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $133.07 billion, a P/E ratio of 13.42, a P/E/G ratio of 0.80 and a beta of 1.02. The company has a fifty day moving average of $210.04 and a 200 day moving average of $197.87.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts' consensus estimates of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to analysts' expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business's quarterly revenue was up 26.9% on a year-over-year basis. During the same period last year, the firm earned $5.48 earnings per share. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial's dividend payout ratio (DPR) is 19.80%.

Capital One Financial Company Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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