Fiduciary Alliance LLC Acquires 3,530 Shares of Capital One Financial Corporation $COF

Key Points

• Fiduciary Alliance LLC boosted its stake in Capital One Financial by 40.6%, acquiring an additional 3,530 shares to bring its total holdings to 12,228 shares valued at $2.6 million.
• Capital One's quarterly earnings reported a significant increase in EPS to $5.48, outperforming analysts' expectations by $3.55 and showing a 31.4% year-over-year revenue growth.
• The company's recent dividend of $0.60 per share corresponds to an annualized rate of $2.40, resulting in a dividend yield of 1.1%, despite a payout ratio of 123.08%.

Fiduciary Alliance LLC increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 40.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,228 shares of the financial services provider's stock after acquiring an additional 3,530 shares during the quarter. Fiduciary Alliance LLC's holdings in Capital One Financial were worth $2,602,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of COF. Mirae Asset Global Investments Co. Ltd. increased its stake in Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after acquiring an additional 9,374 shares during the period. Creative Financial Designs Inc. ADV increased its position in shares of Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after purchasing an additional 394 shares during the period. Private Advisor Group LLC raised its stake in Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after purchasing an additional 1,312 shares in the last quarter. Mutual Advisors LLC bought a new stake in Capital One Financial during the first quarter worth about $215,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in Capital One Financial during the fourth quarter worth about $91,780,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $226.39 on Tuesday. The business has a 50-day moving average price of $218.06 and a two-hundred day moving average price of $196.67. Capital One Financial Corporation has a 1-year low of $138.90 and a 1-year 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 company has a market cap of $144.78 billion, a P/E ratio of 116.10, a PEG ratio of 0.87 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same period in the prior year, the firm earned $3.14 earnings per share. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio is presently 123.08%.

Analyst Upgrades and Downgrades

COF has been the subject of a number of recent analyst reports. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Keefe, Bruyette & Woods lifted their price target on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Barclays restated an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $239.44.

Insider Activity at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial 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 completion of the sale, the insider owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the transaction, the general counsel directly owned 100,486 shares in the company, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,298 shares of company stock worth $4,679,844. Corporate insiders own 1.26% of the company's stock.

About Capital One Financial

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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