Klingman & Associates LLC Takes Position in Capital One Financial Corporation $COF

Key Points

• Klingman & Associates LLC has taken a new position in Capital One Financial Corporation by purchasing 1,459 shares valued at approximately $310,000 in the 2nd quarter.
• Institutional investors now own 89.84% of Capital One's stock, with significant increases in holdings from firms like Kingstone Capital Partners Texas LLC, which increased its shares by over 588,668%.
• Capital One recently reported $5.95 EPS for the quarter, surpassing the consensus estimate of $4.25, and announced a quarterly dividend with a yield of 1.1%.

Klingman & Associates LLC purchased a new stake in 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. The fund purchased 1,459 shares of the financial services provider's stock, valued at approximately $310,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC grew its holdings in shares of Capital One Financial by 588,668.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after buying an additional 117,427,549 shares during the period. Vanguard Group Inc. lifted its position in 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 valued at $5,782,590,000 after acquiring an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp lifted its position in 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 in the last quarter. Goldman Sachs Group Inc. lifted its position in Capital One Financial by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock valued at $854,647,000 after acquiring an additional 734,939 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Capital One Financial by 45.1% in the 1st 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 acquiring an additional 1,454,595 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares of the company's stock, valued at $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 value 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. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,184 shares of company stock valued at $2,799,248 over the last three months. Insiders own 1.26% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on COF. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a research report on Thursday, October 2nd. Truist Financial boosted their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, September 12th. JPMorgan Chase & Co. cut their price target on shares of Capital One Financial from $248.00 to $235.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 7th. Finally, The Goldman Sachs Group cut their price target on shares of Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a research report on Friday, October 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $252.78.

Capital One Financial Trading Up 1.1%

Shares of NYSE:COF opened at $217.31 on Wednesday. The company's 50-day moving average price is $219.16 and its two-hundred day moving average price is $204.19. 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 stock has a market capitalization of $138.97 billion, a PE ratio of 111.44, 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 quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, topping the consensus estimate of $4.25 by $1.70. The business had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $15.06 billion. The company's quarterly revenue was up 53.4% compared to the same quarter last year. During the same period last year, the firm earned $4.51 earnings per share. On average, equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid 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 123.08%.

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.

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.