McLean Asset Management Corp Buys New Holdings in Capital One Financial Corporation $COF

Key Points

• McLean Asset Management Corp has made a new investment of approximately $733,000 in Capital One Financial, acquiring 3,348 shares of the company's stock.
• Insider sales at Capital One have occurred recently, with insider Michael Zamsky selling 5,515 shares for over $1.15 million, indicating a 16.77% decrease in their holdings.
• Analysts have optimistic views on Capital One, with Wells Fargo raising its target price for the stock from $225 to $265 and several firms rating it as a "Strong Buy."

McLean Asset Management Corp acquired a new position in Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,348 shares of the financial services provider's stock, valued at approximately $733,000.

A number of other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth about $25,000. Saudi Central Bank bought a new stake in Capital One Financial during the 1st quarter worth approximately $27,000. Beacon Capital Management LLC lifted its holdings in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after buying an additional 97 shares in the last quarter. Bogart Wealth LLC lifted its stake in shares of Capital One Financial by 1,518.8% in the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 243 shares during the period. Finally, Motco increased its position in shares of Capital One Financial by 115.1% in the 1st quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Price Performance

NYSE:COF traded up $3.04 during trading hours on Thursday, reaching $228.65. 1,291,722 shares of the company were exchanged, compared to its average volume of 4,263,739. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock's 50-day moving average is $218.34 and its 200-day moving average is $197.06. The firm has a market cap of $146.23 billion, a PE ratio of 117.19, a price-to-earnings-growth ratio of 0.86 and a beta of 1.17. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter last year, the company earned $3.14 earnings per share. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given 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 1.0%. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Insider Activity at Capital One Financial

In other news, 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 transaction, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the transaction, the general counsel directly owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock valued at $4,679,844 in the last ninety days. Insiders own 1.26% of the company's stock.

Analyst Ratings Changes

COF has been the subject of a number of research analyst reports. Bank of America lifted their price target on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Truist Financial boosted their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, Keefe, Bruyette & Woods upped their price objective 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. Three equities research 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 stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

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.