Impact Capital Partners LLC Takes Position in Capital One Financial Corporation $COF

Key Points

• Impact Capital Partners LLC has acquired a new stake in Capital One Financial Corporation worth approximately $268,000 by purchasing 1,259 shares during the second quarter.
• Insider trading activity included Matthew W. Cooper, General Counsel, selling 2,000 shares for $446,800, reducing his ownership by 1.95%.
• Capital One recently announced a quarterly dividend of $0.60, representing a 1.1% dividend yield, alongside a payout ratio of 123.08%.

Impact Capital Partners LLC bought a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,259 shares of the financial services provider's stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC purchased a new position in Capital One Financial during the first quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC lifted its position in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after buying an additional 62 shares in the last quarter. Saudi Central Bank purchased a new position in Capital One Financial during the first quarter worth approximately $27,000. Signature Resources Capital Management LLC purchased a new position in Capital One Financial during the second quarter worth approximately $28,000. Finally, Beacon Capital Management LLC lifted its position in Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel directly owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at $1,891,299.80. The trade was 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. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

COF stock opened at $213.55 on Thursday. The business has a fifty day moving average of $219.22 and a two-hundred day moving average of $200.32. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a market cap of $136.57 billion, a price-to-earnings ratio of 109.51, a price-to-earnings-growth ratio of 0.81 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.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same period in the previous year, the firm posted $3.14 earnings per share. The company's quarterly revenue was up 31.4% compared to the same quarter last year. As a group, research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Evercore ISI lifted their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Tuesday. Citigroup lifted their price objective on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Royal Bank Of Canada lifted their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Morgan Stanley raised their target price on Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Rothschild & Co Redburn initiated coverage on Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $244.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.