Independence Bank of Kentucky Purchases 4,969 Shares of Capital One Financial Corporation $COF

Key Points

• Independence Bank of Kentucky significantly increased its stake in Capital One Financial by 253.6%, acquiring an additional 4,969 shares, bringing its total to 6,928 shares valued at approximately $1,474,000.
• Capital One Financial's recent quarterly results showed earnings of $5.48 per share, greatly exceeding analyst expectations, with revenues rising 31.4% year over year.
• The company declared a quarterly dividend of $0.60 per share, equating to an annual yield of 1.1%, despite a payout ratio of 123.08%.

Independence Bank of Kentucky raised its position in shares of Capital One Financial Corporation (NYSE:COF) by 253.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,928 shares of the financial services provider's stock after purchasing an additional 4,969 shares during the period. Independence Bank of Kentucky's holdings in Capital One Financial were worth $1,474,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Walker Asset Management LLC bought a new position in shares of Capital One Financial in the 2nd quarter worth $450,000. City Holding Co. raised its position in shares of Capital One Financial by 10.9% in the 2nd quarter. City Holding Co. now owns 6,146 shares of the financial services provider's stock worth $1,308,000 after acquiring an additional 604 shares in the last quarter. Symmetry Partners LLC bought a new position in shares of Capital One Financial in the 2nd quarter worth $232,000. Camelot Portfolios LLC raised its position in shares of Capital One Financial by 829.0% in the 2nd quarter. Camelot Portfolios LLC now owns 11,148 shares of the financial services provider's stock worth $2,372,000 after acquiring an additional 9,948 shares in the last quarter. Finally, Sonora Investment Management Group LLC bought a new position in shares of Capital One Financial in the 2nd quarter worth $221,000. 89.84% of the stock is owned by institutional investors.

Insider Transactions at Capital One Financial

In other news, CAO Timothy P. Golden sold 207 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock worth $4,679,844 in the last 90 days. 1.26% of the stock is owned by company insiders.

Capital One Financial Stock Up 0.7%

Capital One Financial stock opened at $223.97 on Monday. 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 business's 50-day simple moving average is $219.28 and its two-hundred day simple moving average is $199.78. The company has a market cap of $143.23 billion, a PE ratio of 114.86, a PEG ratio of 0.86 and a beta of 1.17. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45.

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 the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.14 EPS. Equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday. Barclays reissued an "overweight" rating and issued a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and upped their target price for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Citigroup upped their target price on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and an average target price of $239.44.

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.

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