King Luther Capital Management Corp Has $492,000 Position in Capital One Financial Corporation (NYSE:COF)

Key Points

• King Luther Capital Management Corp increased its position in Capital One Financial Corporation by 87.1%, holding 2,745 shares valued at approximately $492,000 as of its recent SEC filing.
• Capital One reported an impressive earnings per share (EPS) of $5.48 for the quarter, significantly beating analysts' expectations of $1.93, along with a revenue increase of 31.4% year-over-year.
• The company announced a quarterly dividend of $0.60 per share, with an ex-dividend date of August 15, representing an annualized yield of 1.1%.

King Luther Capital Management Corp boosted its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 87.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,745 shares of the financial services provider's stock after purchasing an additional 1,278 shares during the quarter. King Luther Capital Management Corp's holdings in Capital One Financial were worth $492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of COF. Vanguard Group Inc. boosted its stake in shares of Capital One Financial by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock worth $5,782,590,000 after buying an additional 506,105 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Capital One Financial by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after acquiring an additional 950,415 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of 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 buying an additional 734,939 shares during the period. Invesco Ltd. increased its holdings in Capital One Financial by 13.3% during the 1st quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock worth $836,523,000 after purchasing an additional 548,052 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Capital One Financial by 21.8% in the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock valued at $790,564,000 after acquiring an additional 793,765 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on COF shares. Keefe, Bruyette & Woods raised their target price on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Citigroup lifted their target price on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wells Fargo & Company boosted their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada upped their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $238.81.

Insiders Place Their Bets

In related news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares of the company's stock, valued at $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction that occurred 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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 19,091 shares of company stock worth $4,188,454 over the last quarter. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Down 2.5%

NYSE:COF traded down $5.60 during trading hours on Friday, hitting $215.48. 4,463,545 shares of the stock traded hands, compared to its average volume of 4,467,209. Capital One Financial Corporation has a fifty-two week low of $131.55 and a fifty-two week high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market cap of $137.80 billion, a price-to-earnings ratio of 110.50, a PEG ratio of 0.84 and a beta of 1.16. The firm has a 50 day moving average price of $210.82 and a 200 day moving average price of $193.64.

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 analyst estimates of $12.72 billion. During the same period in the previous year, the company earned $3.14 earnings per share. The company's quarterly revenue was up 31.4% compared to the same quarter last year. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. 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.