Oliver Luxxe Assets LLC Buys 1,195 Shares of Capital One Financial Corporation $COF

Key Points

• Oliver Luxxe Assets LLC increased its stake in Capital One Financial Corporation by 2.8%, bringing its total holdings to 44,398 shares worth approximately $9.45 million.
• Capital One reported earnings of $5.48 per share, significantly exceeding analysts' expectations of $1.93, while quarterly revenue increased by 31.4% year-over-year.
• The company declared a quarterly dividend of $0.60 per share, resulting in a 1.1% dividend yield and a payout ratio of 123.08%.

Oliver Luxxe Assets LLC raised its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,398 shares of the financial services provider's stock after purchasing an additional 1,195 shares during the quarter. Capital One Financial accounts for about 1.7% of Oliver Luxxe Assets LLC's holdings, making the stock its 8th biggest position. Oliver Luxxe Assets LLC's holdings in Capital One Financial were worth $9,446,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC boosted its holdings in Capital One Financial by 3.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider's stock valued at $299,000 after purchasing an additional 49 shares in the last quarter. TFB Advisors LLC boosted its holdings 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 valued at $276,000 after purchasing an additional 51 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings 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 valued at $1,097,000 after purchasing an additional 53 shares in the last quarter. Opal Wealth Advisors LLC boosted its holdings 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 valued at $386,000 after purchasing an additional 64 shares in the last quarter. Finally, MAI Capital Management boosted its holdings 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 valued at $1,546,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

COF has been the topic of a number of analyst reports. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company boosted their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Keefe, Bruyette & Woods boosted their price target on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction on 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 completion of the sale, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,298 shares of company stock valued at $4,679,844. Insiders own 1.26% of the company's stock.

Capital One Financial Trading Down 1.2%

COF traded down $2.84 during trading on Monday, hitting $225.48. The company's stock had a trading volume of 2,565,843 shares, compared to its average volume of 2,843,086. The firm's 50 day moving average price is $218.78 and its 200-day moving average price is $198.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $144.20 billion, a PE ratio of 115.63, a PEG ratio of 0.88 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 quarterly 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 business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The company's revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.14 earnings per share. On average, analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial's payout ratio is 123.08%.

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.