KFA Private Wealth Group LLC Makes New Investment in Capital One Financial Corporation $COF

Key Points

• KFA Private Wealth Group LLC made a new investment in Capital One Financial Corporation, acquiring 1,348 shares valued at approximately $287,000 during the 2nd quarter.
• Capital One reported an EPS of $5.48 for the July quarter, significantly exceeding expectations of $1.93.
• The company recently declared a quarterly dividend of $0.60 per share, reflecting a payout ratio of 123.08%.

KFA Private Wealth Group LLC bought a new position in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,348 shares of the financial services provider's stock, valued at approximately $287,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake 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 valued at $10,010,000 after purchasing an additional 9,374 shares in the last quarter. Plancorp LLC purchased a new stake in shares of Capital One Financial during the 2nd quarter valued at $272,000. Creative Financial Designs Inc. ADV raised its position 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 in the last quarter. Private Advisor Group LLC raised its position 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 buying an additional 1,312 shares in the last quarter. Finally, Mutual Advisors LLC purchased a new stake in Capital One Financial during the first quarter valued at about $215,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $202.37 on Friday. 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 Corporation has a one year low of $143.22 and a one year high of $232.45. The business's 50 day simple moving average is $219.02 and its two-hundred day simple moving average is $202.11. The stock has a market capitalization of $129.42 billion, a P/E ratio of 103.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last issued 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 firm had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. During the same period in the previous year, the firm earned $3.14 earnings per share. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. Analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

Insiders Place Their Bets

In related news, 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 transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock worth $5,103,824 in the last quarter. 1.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on COF. UBS Group lowered their price target on Capital One Financial from $270.00 to $266.00 and set a "buy" rating on the stock in a research report on Tuesday. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Morgan Stanley raised their price objective on Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Robert W. Baird lifted their price target on shares of Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday, October 2nd. Finally, HSBC set a $218.00 price target on shares of Capital One Financial and gave the stock a "hold" rating in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus price target 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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