Mather Group LLC. Purchases 3,212 Shares of Capital One Financial Corporation $COF

Key Points

• Mather Group LLC increased its stake in Capital One Financial Corporation by 250.7%, purchasing an additional 3,212 shares during the second quarter, bringing its total holdings to 4,493 shares valued at $956,000.
• Capital One recently reported earnings of $5.48 per share, significantly exceeding the consensus estimate of $1.93, while revenue for the quarter came in at $12.49 billion, up 31.4% year-over-year.
• The company declared a quarterly dividend of $0.60, reflecting a dividend yield of 1.1% with a payout ratio of 123.08%.

Mather Group LLC. lifted its stake in Capital One Financial Corporation (NYSE:COF) by 250.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,493 shares of the financial services provider's stock after purchasing an additional 3,212 shares during the period. Mather Group LLC.'s holdings in Capital One Financial were worth $956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of Capital One Financial in the 1st quarter worth $25,000. Saudi Central Bank bought a new position in shares of Capital One Financial in the 1st quarter worth $27,000. Beacon Capital Management LLC boosted its position in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares during the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of Capital One Financial by 1,200.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider's stock worth $33,000 after purchasing an additional 144 shares during the last quarter. Finally, Nova Wealth Management Inc. boosted its position in shares of Capital One Financial by 629.6% in the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock worth $42,000 after purchasing an additional 170 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Performance

COF opened at $222.42 on Friday. The business's 50-day moving average price is $219.17 and its two-hundred day moving average price is $198.94. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The company has a market capitalization of $142.24 billion, a price-to-earnings ratio of 114.06, a P/E/G ratio of 0.86 and a beta of 1.17. 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 (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same period in the prior year, the business earned $3.14 EPS. The business's revenue for the quarter was up 31.4% compared to the same quarter last year. Equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on COF. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company raised their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Royal Bank Of Canada raised their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Finally, Truist Financial raised their price objective on Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $239.44.

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock worth $4,679,844 in the last three months. Insiders own 1.26% of the company's stock.

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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