McLean Asset Management Corp Makes New $733,000 Investment 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 shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,348 shares of the financial services provider's stock, valued at approximately $733,000.

A number of other institutional investors also recently made changes to their positions in COF. TFB Advisors LLC grew its position in Capital One Financial by 3.4% in the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock worth $276,000 after purchasing an additional 51 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position 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. Opal Wealth Advisors LLC grew its position in Capital One Financial by 3.1% in the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock worth $386,000 after purchasing an additional 64 shares in the last quarter. MAI Capital Management grew its position in Capital One Financial by 0.7% in the 1st quarter. MAI Capital Management now owns 8,622 shares of the financial services provider's stock worth $1,546,000 after purchasing an additional 64 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its position in Capital One Financial by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock worth $97,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at $1,891,299.80. The trade was a 2.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $223.59 on Friday. The stock has a market cap of $142.99 billion, a PE ratio of 114.66, a PEG ratio of 0.87 and a beta of 1.17. The company's fifty day moving average is $217.89 and its 200 day moving average is $196.49. Capital One Financial Corporation has a 52 week low of $137.64 and a 52 week high of $232.45. 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 released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The firm 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 firm posted $3.14 EPS. Capital One Financial's revenue was up 31.4% compared to the same quarter last year. Research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend 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 payout ratio is presently 123.08%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on COF shares. Wells Fargo & Company increased their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Citigroup raised their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Finally, Rothschild & Co Redburn started coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target for the company. Three investment 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 company's stock. According to MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average target price of $239.44.

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.

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