Nexus Investment Management ULC Invests $660,000 in Capital One Financial Corporation $COF

Key Points

• Nexus Investment Management ULC has invested $660,000 in Capital One Financial Corporation, acquiring 3,101 shares in the second quarter.
• Insiders, including CAO Timothy P. Golden, sold a total of 23,298 shares of Capital One stock recently, amounting to around $5.1 million.
• Analysts have mixed ratings on Capital One, with recent upgrades from firms like Wall Street Zen and Redburn Atlantic while others have adjusted target prices downward.

Nexus Investment Management ULC bought a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,101 shares of the financial services provider's stock, valued at approximately $660,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COF. WPG Advisers LLC purchased a new stake in Capital One Financial during the 1st quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC boosted its position in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after acquiring an additional 62 shares during the last quarter. Olistico Wealth LLC boosted its position in shares of Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Saudi Central Bank purchased a new position in Capital One Financial during the first quarter valued at $27,000. Finally, RMG Wealth Management LLC bought a new stake in Capital One Financial in the 2nd quarter valued at $27,000. Institutional investors own 89.84% of the company's stock.

Insiders Place Their Bets

In other news, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,298 shares of company stock valued at $5,103,824. Corporate insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on COF. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, September 26th. UBS Group decreased their target price on Capital One Financial from $270.00 to $266.00 and set a "buy" rating on the stock in a research report on Tuesday, October 7th. Weiss Ratings restated a "hold (c-)" rating on shares of Capital One Financial in a report on Wednesday, October 8th. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. cut their target price on shares of Capital One Financial from $248.00 to $235.00 and set a "neutral" rating for the company in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $252.78.

Capital One Financial Stock Performance

NYSE:COF opened at $214.08 on Wednesday. The firm has a market capitalization of $136.91 billion, a PE ratio of 109.78, a PEG ratio of 0.76 and a beta of 1.18. The stock's fifty day moving average is $219.00 and its 200 day moving average is $202.75. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share 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 period in the prior year, the company posted $3.14 EPS. The company's revenue was up 31.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm 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 dividend payout ratio is currently 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.

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