MBB Public Markets I LLC Buys Shares of 1,789 Capital One Financial Corporation $COF

Key Points

• MBB Public Markets I LLC acquired 1,789 shares of Capital One Financial, valued at approximately $321,000, in the first quarter, marking a significant investment in the company.
• Capital One Financial reported $5.48 earnings per share for the last quarter, exceeding expectations by $3.55, with revenue rising 31.4% year-over-year.
• The company declared a quarterly dividend of $0.60 per share, with a total annualized dividend yield of 1.1%, although it reflects a payout ratio of 123.08%.

MBB Public Markets I LLC bought a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,789 shares of the financial services provider's stock, valued at approximately $321,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. RNC Capital Management LLC raised its position in Capital One Financial by 1.4% in the 1st quarter. RNC Capital Management LLC now owns 286,551 shares of the financial services provider's stock valued at $51,379,000 after buying an additional 3,954 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Capital One Financial during the 1st quarter worth $1,516,000. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Capital One Financial by 0.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock worth $1,097,000 after purchasing an additional 53 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Capital One Financial in the 1st quarter valued at about $968,000. Finally, Ashton Thomas Private Wealth LLC boosted its position in shares of Capital One Financial by 2.3% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 5,023 shares of the financial services provider's stock valued at $901,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COF. Keefe, Bruyette & Woods increased their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Bank of America increased their price target on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Barclays reaffirmed an "overweight" rating and set a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, Truist Financial increased their price target on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

Insider Transactions at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,462 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the sale, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at $1,889,786.36. The trade was a 27.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the company'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 transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock worth $4,679,844 over the last quarter. Insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

NYSE:COF traded down $0.76 during trading hours on Friday, hitting $223.59. 2,153,601 shares of the company's stock traded hands, compared to its average volume of 4,303,866. The firm has a market cap of $142.99 billion, a P/E ratio of 114.66, a P/E/G ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a 52 week low of $137.64 and a 52 week high of $232.45. The business's fifty day simple moving average is $217.84 and its two-hundred day simple moving average is $196.29. The company has a quick ratio of 1.02, a current 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 data 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 business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the business posted $3.14 EPS. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. On average, research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced 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. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio 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.