Jacobsen Capital Management Invests $249,000 in Capital One Financial Corporation $COF

Key Points

• Jacobsen Capital Management has invested approximately $249,000 in Capital One Financial by purchasing 1,172 shares in the 2nd quarter.
• Insiders have sold over 13,000 shares of Capital One stock in the last 90 days, with notable sales from General Counsel Matthew W. Cooper and CAO Timothy P. Golden.
• Capital One's latest earnings report showed an EPS of $5.95, significantly above the consensus estimate of $4.25, with revenues up 53.4% year-over-year.

Jacobsen Capital Management bought a new position in Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,172 shares of the financial services provider's stock, valued at approximately $249,000.

A number of other institutional investors have also recently added to or reduced their stakes in COF. Kingstone Capital Partners Texas LLC raised its holdings in shares of Capital One Financial by 588,668.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock worth $24,988,129,000 after purchasing an additional 117,427,549 shares during the period. Diamond Hill Capital Management Inc. purchased a new position in Capital One Financial in the first quarter valued at approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Capital One Financial by 45.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock valued at $838,609,000 after buying an additional 1,454,595 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Capital One Financial by 23.7% during the first 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 buying an additional 950,415 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Capital One Financial in the 1st quarter valued at $141,599,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the sale, the general counsel owned 98,486 shares in the company, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares of the company's stock, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,184 shares of company stock valued at $2,799,248 over the last 90 days. 1.26% of the stock is owned by company insiders.

Capital One Financial Price Performance

Shares of COF stock opened at $217.31 on Wednesday. The firm has a fifty day moving average of $219.16 and a two-hundred day moving average of $204.19. The firm has a market cap of $138.97 billion, a P/E ratio of 111.44, a P/E/G ratio of 0.77 and a beta of 1.18. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, topping the consensus estimate of $4.25 by $1.70. The company had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $15.06 billion. The business's revenue for the quarter was up 53.4% on a year-over-year basis. During the same period in the previous year, the business posted $4.51 EPS. As a group, research 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 declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Analysts Set New Price Targets

COF has been the subject of a number of research reports. UBS Group decreased their price target on shares of Capital One Financial from $270.00 to $266.00 and set a "buy" rating for the company in a research report on Tuesday, October 7th. Truist Financial upped their price target on Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Robert W. Baird boosted their target price on shares of Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a research report on Thursday, October 2nd. Wall Street Zen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Finally, The Goldman Sachs Group lowered their target price on Capital One Financial from $276.00 to $266.00 and set a "buy" rating for the company in a research note on Friday, October 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial presently has an average rating of "Moderate Buy" and an average target price of $252.78.

Capital One Financial Company 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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