Journey Advisory Group LLC Makes New Investment in Capital One Financial Corporation $COF

Key Points

• Journey Advisory Group LLC has made a new investment in Capital One Financial, purchasing 1,754 shares valued at approximately $373,000 in the second quarter.
• Several hedge funds have significantly increased their stakes in Capital One, with Kingstone Capital Partners boosting its position by 588,668.3% and now owning over 117 million shares.
• Capital One recently reported strong earnings, with an EPS of $5.48 for the quarter, exceeding analysts' expectations and marking a 31.4% increase in revenue year-over-year.

Journey Advisory Group LLC bought a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,754 shares of the financial services provider's stock, valued at approximately $373,000.

A number of other hedge funds have also added to or reduced their stakes in COF. Kingstone Capital Partners Texas LLC boosted its position in Capital One Financial by 588,668.3% in the second 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 last quarter. Vanguard Group Inc. boosted its position in Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock worth $5,782,590,000 after purchasing an additional 506,105 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Capital One Financial by 23.7% in 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 purchasing an additional 950,415 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock worth $854,647,000 after purchasing an additional 734,939 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Capital One Financial by 45.1% in 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 during the period. 89.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Timothy P. Golden sold 3,462 shares of the business'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 completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, 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. Insiders have sold 23,298 shares of company stock valued at $5,103,824 in the last ninety days. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

NYSE:COF opened at $214.98 on Tuesday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The business's fifty day moving average is $219.15 and its 200 day moving average is $204.10. 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 firm has a market cap of $137.48 billion, a price-to-earnings ratio of 110.25, a PEG ratio of 0.76 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the previous year, the firm earned $3.14 earnings per share. Capital One Financial's quarterly revenue was up 31.4% compared to the same quarter last year. Research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced 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 yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's payout ratio is presently 123.08%.

Analyst Ratings Changes

Several brokerages have issued reports on COF. Deutsche Bank Aktiengesellschaft boosted their target price on Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a research note on Thursday, October 2nd. JPMorgan Chase & Co. lowered their target price on Capital One Financial from $248.00 to $235.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 7th. Evercore ISI boosted their target price on Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. UBS Group decreased their price objective on Capital One Financial from $270.00 to $266.00 and set a "buy" rating on the stock in a research note on Tuesday, October 7th. Finally, HSBC set a $218.00 price objective on Capital One Financial and gave the company a "hold" rating in a research note on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $252.78.

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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