Galvin Gaustad & Stein LLC Buys Shares of 8,266 Capital One Financial Corporation $COF

Key Points

• Galvin Gaustad & Stein LLC acquired a new stake of 8,266 shares in Capital One Financial, valued at approximately $1,759,000, during the second quarter.
• Several other institutional investors, such as 3Chopt Investment Partners LLC and IFP Advisors Inc, have also significantly increased their holdings in Capital One Financial during the same period.
• Analysts have raised price targets for Capital One Financial, with Morgan Stanley setting a new target at $267.00 and three analysts giving the stock a "Strong Buy" rating.

Galvin Gaustad & Stein LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,266 shares of the financial services provider's stock, valued at approximately $1,759,000.

Several other institutional investors have also made changes to their positions in COF. 3Chopt Investment Partners LLC lifted its holdings in Capital One Financial by 41.3% in the 2nd quarter. 3Chopt Investment Partners LLC now owns 12,751 shares of the financial services provider's stock worth $2,713,000 after purchasing an additional 3,730 shares during the last quarter. Birch Capital Management LLC bought a new position in Capital One Financial in the 2nd quarter worth approximately $599,000. Gilliland Jeter Wealth Management LLC increased its position in Capital One Financial by 54.9% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 3,368 shares of the financial services provider's stock worth $717,000 after buying an additional 1,193 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Capital One Financial by 57.3% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 5,467 shares of the financial services provider's stock worth $1,164,000 after buying an additional 1,991 shares during the period. Finally, IFP Advisors Inc increased its position in Capital One Financial by 311.1% in the 2nd quarter. IFP Advisors Inc now owns 11,142 shares of the financial services provider's stock worth $2,412,000 after buying an additional 8,432 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on COF shares. Morgan Stanley lifted their price target on Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a research report on Monday, September 29th. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Barclays boosted their price objective on Capital One Financial from $253.00 to $257.00 and gave the stock an "overweight" rating in a research note on Monday. Wells Fargo & Company upped their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada increased their target price on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $250.44.

Capital One Financial Stock Down 0.7%

NYSE:COF opened at $210.50 on Friday. 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 company has a market cap of $134.62 billion, a PE ratio of 107.95, a PEG ratio of 0.78 and a beta of 1.18. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The stock has a 50-day simple moving average of $219.12 and a 200 day simple moving average of $201.98.

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 (EPS) 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. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.14 earnings per share. On average, sell-side analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares of the company's stock, valued at $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction that occurred 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 directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,298 shares of company stock valued at $5,103,824. Corporate insiders own 1.26% of the company's stock.

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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