First Financial Group Corp Takes Position in Capital One Financial Corporation $COF

Key Points

• First Financial Group Corp acquired a new stake in Capital One Financial Corporation during the second quarter, purchasing 1,612 shares valued at approximately $343,000.
• Capital One's recent quarterly earnings report showed an EPS of $5.48, significantly surpassing estimates and representing a 31.4% increase in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.60 per share, resulting in an annualized yield of 1.1%, despite a payout ratio exceeding 123%.

First Financial Group Corp bought a new stake in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,612 shares of the financial services provider's stock, valued at approximately $343,000.

A number of other large investors have also modified their holdings of the stock. Eagle Bay Advisors LLC grew its stake in shares of Capital One Financial by 3.6% in the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider's stock valued at $299,000 after buying an additional 49 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its stake in Capital One Financial by 0.3% during the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider's stock valued at $3,532,000 after purchasing an additional 50 shares in the last quarter. TFB Advisors LLC grew its stake in Capital One Financial by 3.4% during the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock valued at $276,000 after purchasing an additional 51 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Capital One Financial by 0.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock valued at $1,097,000 after purchasing an additional 53 shares in the last quarter. Finally, tru Independence LLC grew its stake in Capital One Financial by 1.7% during the 2nd quarter. tru Independence LLC now owns 3,202 shares of the financial services provider's stock valued at $681,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Trading Down 0.2%

NYSE:COF opened at $213.39 on Wednesday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The firm has a market capitalization of $136.46 billion, a P/E ratio of 109.43, a P/E/G ratio of 0.79 and a beta of 1.18. 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 business has a 50 day simple moving average of $219.29 and a 200 day simple moving average of $201.70.

Capital One Financial (NYSE:COF - Get Free Report) last released 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 company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the prior year, the firm earned $3.14 EPS. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. Equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on COF shares. Barclays raised their price objective on Capital One Financial from $253.00 to $257.00 and gave the company an "overweight" rating in a research note on Monday. Weiss Ratings restated a "hold (c-)" rating on shares of Capital One Financial in a research note on Saturday, September 27th. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. The Goldman Sachs Group decreased their target price on Capital One Financial from $276.00 to $266.00 and set a "buy" rating for the company in a research report on Friday, October 3rd. Finally, TD Cowen lifted their target price on Capital One Financial from $258.00 to $261.00 and gave the stock a "buy" rating in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.44.

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the transaction, 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 document filed with the SEC, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the transaction, the general counsel owned 98,486 shares of the company's stock, valued at $20,878,047.14. This represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is owned by company insiders.

Capital One Financial 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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