M.D. Sass LLC Invests $43.67 Million in Capital One Financial Corporation (NYSE:COF)

Key Points

• M.D. Sass LLC has invested approximately $43.67 million in Capital One Financial, acquiring over 243,000 shares which now represent about 3.8% of their portfolio.
• Capital One Financial reported an earnings per share (EPS) of $5.48 for the last quarter, significantly beating estimates, and revenue increased by 31.4% year-over-year.
• The company has declared a quarterly dividend of $0.60, with a current annual yield of 1.2%, while insiders recently sold shares, resulting in a 12.83% decrease in ownership for one insider.

M.D. Sass LLC acquired a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 243,583 shares of the financial services provider's stock, valued at approximately $43,674,000. Capital One Financial makes up approximately 3.8% of M.D. Sass LLC's portfolio, making the stock its 15th largest position. M.D. Sass LLC owned approximately 0.06% of Capital One Financial as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in COF. Beacon Capital Management LLC raised 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 acquiring an additional 97 shares in the last quarter. Bogart Wealth LLC increased its position in 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 buying an additional 243 shares in the last quarter. Motco increased its position in 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. Rossby Financial LCC bought a new stake in Capital One Financial in the 1st quarter valued at about $48,000. Finally, Bernard Wealth Management Corp. bought a new stake in Capital One Financial in the 1st quarter valued at about $54,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $207.47 on Friday. The business's fifty day simple moving average is $206.91 and its 200 day simple moving average is $192.63. The firm has a market capitalization of $79.49 billion, a P/E ratio of 106.40, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. Capital One Financial Corporation has a 12 month low of $128.23 and a 12 month high of $232.45. The company has a current ratio of 1.02, a quick 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 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 analysts' expectations of $12.72 billion. During the same quarter in the previous year, the company posted $3.14 EPS. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. As a group, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a $0.60 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.2%. Capital One Financial's dividend payout ratio is presently 123.08%.

Insider Activity at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred on 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 transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider owned 20,089 shares in the company, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,332 shares of company stock worth $4,540,285. Insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on COF shares. Rothschild & Co Redburn started coverage on Capital One Financial in a research report on Friday. They issued a "buy" rating and a $290.00 target price for the company. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price 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. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Truist Financial boosted their target price on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $238.81.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.