Flavin Financial Services Inc. Makes New $845,000 Investment in Capital One Financial Corporation $COF

Key Points

• Flavin Financial Services Inc. has made a significant new investment of $845,000 in Capital One Financial Corporation, acquiring nearly 4,000 shares.
• Various institutional investors have been actively buying shares of Capital One, with Kingstone Capital Partners increasing its stake by an astonishing 588,668.3%.
• Capital One recently reported earnings of $5.48 EPS for the last quarter, significantly beating analysts' expectations, and announced a quarterly dividend of $0.60 per share.

Flavin Financial Services Inc. acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,971 shares of the financial services provider's stock, valued at approximately $845,000.

Several other institutional investors also recently bought and sold shares of COF. Kingstone Capital Partners Texas LLC grew its stake in Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock worth $24,988,129,000 after buying an additional 117,427,549 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in Capital One Financial during the first quarter worth approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Capital One Financial by 45.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock worth $838,609,000 after buying an additional 1,454,595 shares during the period. Bank of New York Mellon Corp grew its stake in Capital One Financial by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after buying an additional 950,415 shares during the period. Finally, Nuveen LLC purchased a new stake in Capital One Financial during the first quarter worth approximately $141,599,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Evercore ISI upped their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Wall Street Zen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Citigroup upped their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a "buy" rating and a $290.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and an average target price of $252.78.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following 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 legal filing with the SEC, which is accessible through this link. Also, CAO Timothy P. Golden sold 207 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,298 shares of company stock valued at $5,103,824. Insiders own 1.26% of the company's stock.

Capital One Financial Trading Up 4.0%

COF opened at $211.25 on Friday. The stock has a market capitalization of $135.10 billion, a PE ratio of 108.33, a P/E/G ratio of 0.76 and a beta of 1.18. The firm's fifty day moving average price is $219.01 and its 200 day moving average price is $203.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45.

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 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 earned $3.14 earnings per share. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.60 dividend. 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%.

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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