Five Oceans Advisors Invests $437,000 in Capital One Financial Corporation $COF

Key Points

• Five Oceans Advisors invested approximately $437,000 in Capital One Financial Corporation, acquiring 2,054 shares of the stock during the second quarter.
• Analysts have increased their price targets for Capital One, with Wells Fargo setting a new target at $265.00 and Citigroup boosting it to $275.00, indicating a favorable outlook for the company's stock.
• Capital One Financial reported a substantial earnings per share of $5.48 for the most recent quarter, significantly surpassing estimates, despite total revenue slightly missing analyst expectations.

Five Oceans Advisors bought a new position in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 2,054 shares of the financial services provider's stock, valued at approximately $437,000.

A number of other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC grew its holdings in shares of Capital One Financial by 3.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider's stock worth $299,000 after purchasing an additional 49 shares during the period. TFB Advisors LLC lifted its position 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 worth $276,000 after acquiring an additional 51 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position 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 worth $1,097,000 after acquiring an additional 53 shares in the last quarter. tru Independence LLC lifted its position 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 worth $681,000 after acquiring an additional 55 shares in the last quarter. Finally, Opal Wealth Advisors LLC lifted its position in Capital One Financial by 3.1% during the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock worth $386,000 after acquiring an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analysts Set New Price Targets

COF has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Barclays reissued an "overweight" rating and set a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Wells Fargo & Company boosted their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Finally, Citigroup boosted their price target on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $239.44.

Capital One Financial Stock Performance

COF stock opened at $222.42 on Friday. 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 firm has a market cap of $142.24 billion, a P/E ratio of 114.06, a P/E/G ratio of 0.86 and a beta of 1.17. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The stock's 50 day simple moving average is $219.17 and its 200 day simple moving average is $198.94.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The business'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. As a group, equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed 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. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio is presently 123.08%.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock valued at $4,679,844 in the last 90 days. Corporate insiders own 1.26% of the company's stock.

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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