Focus Financial Network Inc. Purchases Shares of 1,148 Capital One Financial Corporation $COF

Key Points

• Focus Financial Network Inc. has acquired a new stake in Capital One Financial Corporation, purchasing 1,148 shares valued at approximately $244,000 during the 2nd quarter.
• Capital One's recent quarterly earnings report revealed an EPS of $5.48, significantly surpassing the consensus estimate of $1.93, while revenue for the quarter was $12.49 billion, slightly below the expected $12.72 billion.
• The company paid a quarterly dividend of $0.60 on September 2nd, resulting in an annualized dividend of $2.40, equating to a dividend yield of 1.1% with a payout ratio of 123.08%.

Focus Financial Network Inc. bought a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,148 shares of the financial services provider's stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Diamond Hill Capital Management Inc. acquired a new stake in shares of Capital One Financial during the 1st quarter worth approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Capital One Financial by 45.1% during the 1st 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 acquiring an additional 1,454,595 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Capital One Financial by 23.7% during the 1st 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 acquiring an additional 950,415 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Capital One Financial during the 1st quarter worth approximately $141,599,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Capital One Financial by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock worth $854,647,000 after acquiring an additional 734,939 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Activity

In related 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 transaction of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares of the company's stock, valued at $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial 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 of the company's stock, valued at $22,448,572.40. This represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 over the last ninety days. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Trading Down 1.2%

Shares of COF stock traded down $2.84 during trading hours on Monday, hitting $225.48. 2,565,843 shares of the company's stock traded hands, compared to its average volume of 2,843,086. 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 $218.68 and its 200 day simple moving average is $197.82. The stock has a market cap of $144.20 billion, a PE ratio of 115.63, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last announced its 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 firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the business earned $3.14 EPS. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company 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. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Analyst Ratings Changes

COF has been the topic of several analyst reports. Citigroup increased their price target 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. JPMorgan Chase & Co. raised their target price 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. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Wells Fargo & Company raised their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, 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. Three 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $239.44.

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.