Foster & Motley Inc. Acquires New Position in Capital One Financial Corporation $COF

Key Points

• Foster & Motley Inc. has acquired 11,002 shares of Capital One Financial Corporation, valued at approximately $2.34 million, indicating increased institutional interest in the company.
• Capital One Financial recently reported an EPS of $5.48 for the last quarter, significantly exceeding expectations, and the firm’s year-over-year revenue rose by 31.4%.
• The company announced a quarterly dividend of $0.60, yielding around 1.1%, while insiders have recently sold shares, indicating potential shifts in investor confidence.

Foster & Motley Inc. acquired a new stake in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,002 shares of the financial services provider's stock, valued at approximately $2,341,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in Capital One Financial in the 1st quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC raised its stake in 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 valued at $26,000 after acquiring an additional 62 shares during the period. Olistico Wealth LLC raised its stake in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 101 shares during the period. Saudi Central Bank bought a new stake in Capital One Financial in the 1st quarter valued at about $27,000. Finally, RMG Wealth Management LLC bought a new stake in Capital One Financial in the 2nd quarter valued at about $27,000. 89.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

COF has been the topic of a number of research reports. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research note on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective on the stock. Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Morgan Stanley upped their price target on Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a research report on Monday, September 29th. Royal Bank Of Canada upped their price target on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Three 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $252.78.

Capital One Financial Stock Up 4.0%

COF stock opened at $211.25 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 company's 50 day moving average is $219.01 and its 200 day moving average is $203.37. The stock has a market cap of $135.10 billion, a price-to-earnings ratio of 108.33, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the company posted $3.14 earnings per share. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal 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 $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio is 123.08%.

Insider Activity at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the sale, the chief accounting officer owned 8,987 shares of the company's stock, valued at $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock valued at $5,103,824 in the last ninety days. 1.26% of the stock is currently owned by company insiders.

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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