Kodai Capital Management LP Buys 12,382 Shares of Capital One Financial Corporation $COF

Key Points

• Kodai Capital Management LP increased its holdings in Capital One Financial Corporation by 34%, acquiring an additional 12,382 shares, bringing its total to 48,794 shares valued at approximately $8.75 million.
• Several institutional investors have made significant changes to their positions in Capital One, with 89.84% of the stock now owned by such investors, indicating a strong institutional interest in the company.
• Capital One Financial announced a $0.60 quarterly dividend payable on September 2nd, reflecting a 1.1% dividend yield, although the company's dividend payout ratio stands at a high 123.08%.

Kodai Capital Management LP increased its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 34.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,794 shares of the financial services provider's stock after buying an additional 12,382 shares during the period. Kodai Capital Management LP's holdings in Capital One Financial were worth $8,749,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in COF. Diamond Hill Capital Management Inc. purchased a new position in Capital One Financial during the 1st quarter valued at about $381,848,000. Bank of New York Mellon Corp boosted its stake 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 worth $889,519,000 after purchasing an additional 950,415 shares in the last quarter. Third Point LLC acquired a new stake in Capital One Financial during the 4th quarter valued at approximately $164,946,000. Nuveen LLC acquired a new stake in Capital One Financial during the 1st quarter valued at approximately $141,599,000. Finally, PointState Capital LP purchased a new position in shares of Capital One Financial during the 4th quarter valued at approximately $139,997,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

COF has been the subject of several recent research reports. 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 report on Wednesday, May 21st. Royal Bank Of Canada boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Barclays reiterated an "overweight" rating and set a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Finally, TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their target price for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $238.81.

Capital One Financial Price Performance

Shares of COF stock traded down $3.89 during mid-day trading on Tuesday, reaching $223.33. The stock had a trading volume of 3,463,751 shares, compared to its average volume of 4,369,084. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month high of $232.45. The company has a market cap of $142.83 billion, a P/E ratio of 114.53, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. The business has a 50-day simple moving average of $216.27 and a 200 day simple moving average of $195.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analysts' expectations 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 EPS. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, August 15th. Capital One Financial's payout ratio is 123.08%.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction on Monday, August 4th. The stock was 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 of the company's stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,298 shares of company stock worth $4,233,044 in the last three months. 1.26% of the stock is owned by insiders.

About Capital One Financial

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.