Optas LLC Invests $731,000 in Capital One Financial Corporation $COF

Key Points

• Optas LLC made a significant investment of approximately $731,000 in Capital One Financial Corporation, purchasing 3,435 shares during the 2nd quarter.
• Capital One's latest quarterly earnings report showed EPS of $5.48, exceeding analysts' expectations, with revenue of $12.49 billion for the quarter.
• The company recently announced a quarterly dividend of $0.60 per share, reflecting a 1.1% yield with a dividend payout ratio of 123.08%.

Optas LLC purchased a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,435 shares of the financial services provider's stock, valued at approximately $731,000.

Several other large investors have also recently modified their holdings of COF. Valmark Advisers Inc. bought a new position in Capital One Financial during the 2nd quarter valued at about $602,000. Northern Financial Advisors Inc lifted its stake in Capital One Financial by 7.5% during the 2nd quarter. Northern Financial Advisors Inc now owns 5,710 shares of the financial services provider's stock valued at $1,215,000 after acquiring an additional 396 shares during the period. Winthrop Advisory Group LLC bought a new position in Capital One Financial during the 2nd quarter valued at about $314,000. Abel Hall LLC bought a new position in Capital One Financial during the 2nd quarter valued at about $221,000. Finally, Trust Asset Management LLC lifted its stake in Capital One Financial by 67.4% during the 2nd quarter. Trust Asset Management LLC now owns 7,363 shares of the financial services provider's stock valued at $1,567,000 after acquiring an additional 2,965 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Down 0.9%

Capital One Financial stock opened at $211.79 on Thursday. 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 Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The firm has a 50 day moving average of $219.22 and a 200 day moving average of $201.77. The firm has a market capitalization of $135.44 billion, a price-to-earnings ratio of 108.61, a P/E/G ratio of 0.79 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last announced 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 company had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same period last year, the business earned $3.14 earnings per share. The company's quarterly revenue was up 31.4% compared to the same quarter last year. As a group, research analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Wall Street Analyst Weigh In

Several research firms have issued reports on COF. The Goldman Sachs Group lowered their target price on shares of Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a research note on Friday, October 3rd. Weiss Ratings restated a "hold (c-)" rating on shares of Capital One Financial in a research note on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company increased their price objective on shares of 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, Robert W. Baird boosted their target price on shares of Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a research report on Thursday, October 2nd. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $250.44.

Insider Activity at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 of the company's stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares of the company's stock, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,298 shares of company stock valued at $5,103,824. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Company 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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