Kelly Lawrence W & Associates Inc. CA Takes $14.26 Million Position in Capital One Financial Corporation $COF

Key Points

• Kelly Lawrence W & Associates initiated a $14.26 million position in Capital One Financial, purchasing 71,063 shares during the second quarter. The stock now represents about 3% of the firm’s portfolio, while institutional investors collectively own 89.84% of COF.
• Capital One reported quarterly earnings of $5.81 per share, exceeding analyst expectations of $4.79, on revenue of $15.83 billion. Revenue increased 26.9% year over year, and analysts project $20.29 in full-year EPS.
• The company declared a quarterly dividend of $0.80 per share, equivalent to a $3.20 annualized payout and a 1.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $259.14, while recent insider activity has been net selling.

Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 71,063 shares of the financial services provider's stock, valued at approximately $14,257,000. Capital One Financial comprises approximately 3.0% of Kelly Lawrence W & Associates Inc. CA's investment portfolio, making the stock its 11th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COF. Evolution Wealth Management Inc. grew its position in Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider's stock worth $26,000 after purchasing an additional 90 shares during the period. Solstein Capital LLC purchased a new position in shares of Capital One Financial during the 2nd quarter valued at about $26,000. VSM Wealth Advisory LLC acquired a new position in shares of Capital One Financial in the 4th quarter valued at about $27,000. Cherry Tree Wealth Management LLC lifted its holdings in shares of Capital One Financial by 1,312.5% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider's stock valued at $27,000 after buying an additional 105 shares during the period. Finally, Ballast Advisors LLC purchased a new stake in shares of Capital One Financial in the first quarter worth about $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

NYSE COF opened at $216.29 on Tuesday. The stock has a market capitalization of $132.69 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.80 and a beta of 1.02. The stock has a 50-day moving average of $209.09 and a 200 day moving average of $197.97. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.Capital One Financial's quarterly revenue was up 26.9% compared to the same quarter last year. During the same period last year, the company earned $5.48 earnings per share. Sell-side analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial's payout ratio is presently 19.80%.

Insider Buying and Selling

In other news, insider Lia Dean sold 2,193 shares of Capital One Financial stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the sale, the insider owned 63,261 shares in the company, valued at $14,266,620.72. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the sale, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,267 shares of company stock worth $5,617,648 in the last 90 days. 0.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on COF shares. TD Cowen reduced their price target on Capital One Financial from $260.00 to $253.00 and set a "buy" rating for the company in a research report on Tuesday, July 7th. HSBC upgraded Capital One Financial from a "hold" rating to a "buy" rating and upped their price objective for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. Piper Sandler began coverage on shares of Capital One Financial in a report on Monday, June 29th. They set an "overweight" rating and a $254.00 target price for the company. Citigroup cut their target price on shares of Capital One Financial from $310.00 to $295.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. Finally, Weiss Ratings raised shares of Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $259.14.

About Capital One Financial

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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