Johnson Financial Group LLC Invests $339,000 in Capital One Financial Corporation (NYSE:COF)

Key Points

• Johnson Financial Group LLC purchased 1,893 shares of Capital One Financial Corporation, valued at approximately $339,000, in the 1st quarter per its recent SEC filing.
• Capital One recently reported $5.48 EPS for its last quarter, exceeding estimates significantly, while its quarterly revenue increased by 31.4% year-over-year.
• The company is set to pay a quarterly dividend of $0.60 per share on September 2nd, with a current dividend yield of 1.2%.

Johnson Financial Group LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,893 shares of the financial services provider's stock, valued at approximately $339,000.

A number of other large investors have also modified their holdings of the business. Opal Wealth Advisors LLC boosted its stake in Capital One Financial by 3.1% during the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock worth $386,000 after buying an additional 64 shares during the period. Y.D. More Investments Ltd raised its holdings in Capital One Financial by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock valued at $97,000 after acquiring an additional 66 shares in the last quarter. Aspiriant LLC raised its holdings in Capital One Financial by 2.4% in the first quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock valued at $522,000 after acquiring an additional 67 shares in the last quarter. Citizens National Bank Trust Department raised its holdings in Capital One Financial by 25.7% during the first quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock worth $59,000 after purchasing an additional 67 shares in the last quarter. Finally, CVA Family Office LLC raised its holdings in Capital One Financial by 5.9% during the first quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider's stock worth $259,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the 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 completion of the sale, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Down 0.0%

Shares of COF stock traded down $0.08 on Monday, hitting $208.15. The stock had a trading volume of 4,378,431 shares, compared to its average volume of 4,087,181. The firm has a market capitalization of $133.12 billion, a price-to-earnings ratio of 106.75, a P/E/G ratio of 0.82 and a beta of 1.16. The stock's 50 day moving average is $208.99 and its 200-day moving average is $193.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45.

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

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's dividend payout ratio is 123.08%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COF. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Citigroup lifted their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday. Keefe, Bruyette & Woods upped 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. Finally, Royal Bank Of Canada upped their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.