Gallacher Capital Management LLC Invests $336,000 in Capital One Financial Corporation $COF

Key Points

• Gallacher Capital Management LLC invested $336,000 in Capital One Financial Corporation, acquiring 1,577 shares during the second quarter.
• The company recently announced a quarterly dividend of $0.60 per share, representing an annual yield of 1.1% and reflecting a payout ratio of 123.08%.
• Capital One Financial has received analyst upgrades, with price targets raised by institutions like JPMorgan Chase and Keefe, Bruyette & Woods, indicating a positive outlook for the company's stock.

Gallacher Capital Management LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,577 shares of the financial services provider's stock, valued at approximately $336,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in Capital One Financial during the 1st quarter worth $25,000. Saudi Central Bank acquired a new stake in shares of Capital One Financial during the first quarter worth $27,000. Beacon Capital Management LLC increased its holdings in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares during the last quarter. Nova Wealth Management Inc. lifted its stake in Capital One Financial by 629.6% in the second quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock valued at $42,000 after buying an additional 170 shares during the period. Finally, Motco lifted its stake in Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after buying an additional 137 shares during the period. 89.84% of the stock is owned by institutional investors.

Insider Activity

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares in the company, 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 legal filing with the SEC, which is available through this link. Also, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the transaction, the chief accounting officer 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 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

COF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their price objective on shares of 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. Rothschild & Co Redburn began coverage on Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 target price on the stock. Finally, Truist Financial boosted their target price on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $239.44.

Capital One Financial Stock Performance

COF opened at $226.39 on Tuesday. The business's 50-day simple moving average is $218.06 and its 200 day simple moving average is $196.67. Capital One Financial Corporation has a 52-week low of $138.90 and a 52-week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $144.78 billion, a PE ratio of 116.10, a PEG ratio of 0.87 and a beta of 1.17.

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 for the quarter, beating analysts' consensus estimates 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. During the same quarter in the prior year, the business earned $3.14 earnings per share. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued 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 payout ratio is presently 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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