LRI Investments LLC Acquires 1,640 Shares of Capital One Financial Corporation $COF

Key Points

• LRI Investments LLC increased its stake in Capital One Financial Corporation by 73.7%, acquiring an additional 1,640 shares, bringing its total holdings to 3,866 shares valued at $823,000.
• Capital One Financial recently reported a quarterly earnings per share (EPS) of $5.48, significantly surpassing analysts' expectations of $1.93, with a year-over-year revenue increase of 31.4%.
• The company declared a quarterly dividend of $0.60 per share, equating to an annualized dividend yield of 1.2%, while its payout ratio stands at 123.08%.

LRI Investments LLC boosted its holdings in Capital One Financial Corporation (NYSE:COF) by 73.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,866 shares of the financial services provider's stock after acquiring an additional 1,640 shares during the quarter. LRI Investments LLC's holdings in Capital One Financial were worth $823,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COF. Brighton Jones LLC lifted its position in Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after acquiring an additional 10,428 shares in the last quarter. Simon Quick Advisors LLC lifted its position in Capital One Financial by 22.8% in the 1st quarter. Simon Quick Advisors LLC now owns 2,708 shares of the financial services provider's stock valued at $486,000 after acquiring an additional 503 shares in the last quarter. Fifth Third Bancorp lifted its position in Capital One Financial by 16.5% in the 1st quarter. Fifth Third Bancorp now owns 31,899 shares of the financial services provider's stock valued at $5,719,000 after acquiring an additional 4,509 shares in the last quarter. CVA Family Office LLC lifted its position in Capital One Financial by 5.9% in the 1st quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider's stock valued at $259,000 after acquiring an additional 80 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in Capital One Financial in the 1st quarter valued at approximately $54,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Trading Down 4.0%

Shares of COF stock opened at $202.37 on Friday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. 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 firm has a market capitalization of $129.42 billion, a PE ratio of 103.78, a PEG ratio of 0.74 and a beta of 1.18. The stock has a fifty day simple moving average of $219.02 and a two-hundred day simple moving average of $202.27.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. During the same quarter in the previous year, the company posted $3.14 EPS. The company's quarterly revenue was up 31.4% on a year-over-year basis. On average, analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at $1,889,786.36. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock worth $5,103,824 over the last 90 days. Company insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

COF has been the subject of a number of research reports. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 target price for the company. UBS Group decreased their target price on shares of Capital One Financial from $270.00 to $266.00 and set a "buy" rating for the company in a research note on Tuesday, October 7th. Citigroup boosted their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada boosted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Three 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $252.78.

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.

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