Horizon Investments LLC Boosts Stake in Capital One Financial Corporation $COF

Key Points

• Horizon Investments LLC increased its stake in Capital One Financial by 7.7% in the first quarter, bringing its total shares to 16,344, valued at approximately $2.93 million.
• Multiple research analysts have revised their price targets for Capital One Financial, with estimates ranging from $238.81 to $290.00, while the stock recently traded at $215.48.
• Capital One Financial reported $5.48 earnings per share for its latest quarter, significantly exceeding analysts' expectations of $1.93, despite a revenue of $12.49 billion falling short of estimates.

Horizon Investments LLC increased its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,344 shares of the financial services provider's stock after buying an additional 1,167 shares during the period. Horizon Investments LLC's holdings in Capital One Financial were worth $2,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Beacon Capital Management LLC increased its stake 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 acquiring an additional 97 shares during the last quarter. Bogart Wealth LLC increased its stake in Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 243 shares during the last quarter. Motco increased 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 acquiring an additional 137 shares during the last quarter. Rossby Financial LCC bought a new position in Capital One Financial in the first quarter valued at approximately $48,000. Finally, Bernard Wealth Management Corp. bought a new position in Capital One Financial in the first quarter valued at approximately $54,000. 89.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the 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 sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the sale, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,091 shares of company stock valued at $4,188,454. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

COF traded down $0.7380 on Wednesday, hitting $213.8820. The company's stock had a trading volume of 1,347,590 shares, compared to its average volume of 4,423,312. The company's 50 day simple moving average is $211.78 and its 200-day simple moving average is $193.80. The firm has a market cap of $136.78 billion, a P/E ratio of 109.68, a price-to-earnings-growth ratio of 0.84 and a beta of 1.16. Capital One Financial Corporation has a 12 month low of $131.55 and a 12 month high of $232.45. 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 released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same period last year, the business posted $3.14 earnings per share. Analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on COF. Bank of America lifted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Citigroup boosted their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

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.