Mraz Amerine & Associates Inc. Purchases New Position in Capital One Financial Corporation $COF

Key Points

• Mraz Amerine & Associates acquired 12,909 Capital One shares worth approximately $2.59 million in the second quarter. Institutional investors collectively own 89.84% of the company.
• Capital One shares fell 2.5% to $214.10, despite the company reporting quarterly earnings of $5.81 per share—well above the $4.79 analyst consensus—and 26.9% year-over-year revenue growth.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $258.91; the company also paid a quarterly dividend of $0.80 per share.

Mraz Amerine & Associates Inc. acquired a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,909 shares of the financial services provider's stock, valued at approximately $2,590,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First Command Advisory Services Inc. lifted its position in Capital One Financial by 4.5% in the fourth quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider's stock worth $259,000 after buying an additional 46 shares during the last quarter. High Note Wealth LLC increased its position in Capital One Financial by 44.9% during the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 48 shares during the last quarter. Fiducient Advisors LLC raised its stake in shares of Capital One Financial by 4.2% in the fourth quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider's stock valued at $290,000 after acquiring an additional 48 shares during the period. Allen Capital Group LLC lifted its holdings in shares of Capital One Financial by 4.2% in the 4th quarter. Allen Capital Group LLC now owns 1,230 shares of the financial services provider's stock worth $298,000 after acquiring an additional 50 shares during the last quarter. Finally, Zhang Financial LLC boosted its stake in shares of Capital One Financial by 1.7% during the 4th quarter. Zhang Financial LLC now owns 3,050 shares of the financial services provider's stock worth $739,000 after purchasing an additional 50 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 5,473 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider directly owned 27,992 shares in the company, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the transaction, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. The trade was a 31.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 29,767 shares of company stock valued at $6,366,998 in the last three months. 0.78% of the stock is currently owned by insiders.

Capital One Financial Stock Down 2.5%

Shares of Capital One Financial stock traded down $5.50 during trading on Tuesday, hitting $214.10. 2,985,562 shares of the stock traded hands, compared to its average volume of 4,787,261. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The stock's fifty day simple moving average is $212.42 and its 200 day simple moving average is $198.12. The firm has a market cap of $131.35 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts' consensus estimates of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company's revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.48 EPS. On average, equities analysts predict that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, August 17th. Capital One Financial's payout ratio is 19.80%.

Analysts Set New Price Targets

COF has been the topic of a number of recent analyst reports. Piper Sandler initiated coverage on shares of Capital One Financial in a research report on Monday, June 29th. They issued an "overweight" rating and a $254.00 price objective on the stock. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. raised their price target on Capital One Financial from $215.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Barclays dropped their price objective on Capital One Financial from $242.00 to $240.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. Twenty-one investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus target price of $258.91.

Capital One Financial Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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