Forum Financial Management LP Acquires 11,263 Shares of Capital One Financial Corporation $COF

Forum Financial Management LP lifted its holdings in Capital One Financial Corporation (NYSE:COF) by 199.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 16,912 shares of the financial services provider's stock after acquiring an additional 11,263 shares during the quarter. Forum Financial Management LP's holdings in Capital One Financial were worth $3,598,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in shares of Capital One Financial in the 1st quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC lifted its holdings in shares of Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after acquiring an additional 62 shares during the last quarter. Olistico Wealth LLC lifted its holdings in shares of Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Saudi Central Bank bought a new stake in shares of Capital One Financial in the 1st quarter worth approximately $27,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Capital One Financial in the 2nd quarter worth approximately $27,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Trading Up 1.4%

NYSE:COF opened at $220.17 on Thursday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The stock has a market cap of $140.80 billion, a price-to-earnings ratio of 92.90, a P/E/G ratio of 0.78 and a beta of 1.18. The company has a 50-day moving average price of $219.21 and a 200-day moving average price of $204.30. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 12.18%. The company had revenue of $15.36 billion during the quarter, compared to analysts' expectations of $15.06 billion. During the same period last year, the company posted $4.51 EPS. Capital One Financial's revenue was up 53.4% on a year-over-year basis. Equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders 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 (DPR) is currently 123.08%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the firm's stock in a transaction dated 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 approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company's stock, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,184 shares of company stock worth $2,799,248. 1.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on COF shares. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $235.00 to $237.00 and gave the company a "neutral" rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. TD Cowen increased their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the company a "buy" rating in a research report on Monday, October 6th. Weiss Ratings reissued a "hold (c-)" rating on shares of Capital One Financial in a research report on Wednesday, October 8th. Finally, BTIG Research reissued a "buy" rating and set a $264.00 price target on shares of Capital One Financial in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $259.16.

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.

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