Capital One Financial Corporation $COF Shares Acquired by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its holdings in Capital One Financial Corporation by 46.8%, now owning 29,473 shares worth approximately $5.28 million.
• Analysts have varied opinions on Capital One Financial, with three firms rating it a "Strong Buy" and others adjusting price targets; the current consensus price target is $238.81.
• Capital One Financial recently announced a quarterly dividend of $0.60 per share, resulting in an annual yield of 1.1%, despite a payout ratio of 123.08%.

Ieq Capital LLC grew its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 46.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,473 shares of the financial services provider's stock after buying an additional 9,391 shares during the period. Ieq Capital LLC's holdings in Capital One Financial were worth $5,284,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in COF. Diamond Hill Capital Management Inc. purchased a new position in shares of Capital One Financial in the 1st quarter worth $381,848,000. Bank of New York Mellon Corp boosted its stake in shares of Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after purchasing an additional 950,415 shares during the period. Nuveen LLC purchased a new position in shares of Capital One Financial during the 1st quarter worth about $141,599,000. PointState Capital LP purchased a new position in shares of Capital One Financial during the 4th quarter worth about $139,997,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Capital One Financial by 31.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,222,533 shares of the financial services provider's stock worth $574,642,000 after purchasing an additional 765,292 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider 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. Over the last ninety days, insiders sold 19,298 shares of company stock worth $4,233,044. Insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on COF. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective for the company. Royal Bank Of Canada boosted 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. Citigroup boosted their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wells Fargo & Company boosted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, 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. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $238.81.

Capital One Financial Price Performance

NYSE:COF traded down $3.89 during trading hours on Tuesday, reaching $223.33. 3,470,726 shares of the company were exchanged, compared to its average volume of 4,369,217. 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 stock's 50-day moving average is $216.27 and its 200-day moving average is $195.10. The firm has a market cap of $142.83 billion, a PE ratio of 114.53, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. Capital One Financial Corporation has a twelve month low of $131.55 and a twelve month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the company earned $3.14 earnings per share. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

Capital One Financial 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.