Financiere des Professionnels Fonds d investissement inc. Purchases New Holdings in Capital One Financial Corporation $COF

Key Points

• Financiere des Professionnels Fonds d investissement inc. invested approximately $2.20 million to acquire 10,321 shares in Capital One Financial Corporation during the 2nd quarter.
• Insider transactions included General Counsel Matthew W. Cooper selling 2,000 shares and CAO Timothy P. Golden selling 3,462 shares, reflecting a significant decrease in their ownership stakes.
• Capital One Financial reported $5.48 earnings per share (EPS) for the last quarter, significantly exceeding analysts' expectations of $1.93 EPS.

Financiere des Professionnels Fonds d investissement inc. bought a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,321 shares of the financial services provider's stock, valued at approximately $2,196,000.

Several other hedge funds and other institutional investors also recently modified their holdings of COF. Brighton Jones LLC grew its position in shares of Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after buying an additional 10,428 shares during the last quarter. State of Wyoming bought a new stake in shares of Capital One Financial during the 4th quarter valued at about $187,000. Teza Capital Management LLC bought a new stake in shares of Capital One Financial during the 4th quarter valued at about $252,000. Woodline Partners LP bought a new stake in shares of Capital One Financial during the 4th quarter valued at about $4,085,000. Finally, Williams Jones Wealth Management LLC. bought a new stake in shares of Capital One Financial during the 4th quarter valued at about $227,000. Institutional investors own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel directly owned 100,486 shares of the company's stock, 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. Insiders sold 21,298 shares of company stock valued at $4,679,844 in the last ninety days. Company insiders own 1.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on COF. JPMorgan Chase & Co. boosted 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. Citigroup upped their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Wells Fargo & Company upped their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. 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, TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their target price for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $239.44.

Capital One Financial Price Performance

Shares of NYSE:COF traded down $1.61 during trading on Friday, reaching $228.13. The company had a trading volume of 4,825,233 shares, compared to its average volume of 4,272,877. The firm's fifty day moving average is $218.52 and its 200 day moving average is $197.29. The firm has a market capitalization of $145.89 billion, a PE ratio of 116.99, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The company's revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.14 earnings per share. On average, equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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