Kera Capital Partners Inc. Purchases 1,303 Shares of Capital One Financial Corporation $COF

Key Points

• Kera Capital Partners Inc. increased its stake in Capital One Financial by 110.1%, acquiring an additional 1,303 shares, bringing its total holdings to 2,487 shares valued at approximately $529,000.
• Insider trading activity revealed that executives, including Robert M. Alexander, sold a total of 21,298 shares worth nearly $4.68 million in the past 90 days, resulting in reductions of their ownership positions.
• Capital One Financial reported $5.48 EPS for the last quarter, significantly beating analysts' expectations, although the revenue of $12.49 billion fell short of estimates.

Kera Capital Partners Inc. increased its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 110.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,487 shares of the financial services provider's stock after acquiring an additional 1,303 shares during the quarter. Kera Capital Partners Inc.'s holdings in Capital One Financial were worth $529,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after acquiring an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Capital One Financial by 105.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after buying an additional 394 shares during the period. Private Advisor Group LLC grew its holdings in shares of Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after acquiring an additional 1,312 shares in the last quarter. Mutual Advisors LLC purchased a new position in shares of Capital One Financial during the 1st quarter valued at $215,000. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Capital One Financial during the fourth quarter worth $91,780,000. Institutional investors own 89.84% of the company's stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the transaction, the general counsel owned 100,486 shares of the company's stock, valued at $22,448,572.40. This represents a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on COF shares. Keefe, Bruyette & Woods boosted their target price on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Citigroup increased their price objective on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Bank of America lifted their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Truist Financial increased their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Barclays reaffirmed an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $239.44.

Capital One Financial Stock Performance

Shares of Capital One Financial stock traded down $2.19 during trading on Tuesday, reaching $224.34. The company's stock had a trading volume of 3,254,929 shares, compared to its average volume of 2,822,828. 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 fifty day moving average price is $218.06 and its 200-day moving average price is $196.67. The firm has a market cap of $143.47 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. Capital One Financial Corporation has a one year low of $140.93 and a one year high of $232.45.

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

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $0.60 dividend. 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 dividend payout ratio (DPR) is currently 123.08%.

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.