Orion Capital Management LLC Invests $1.04 Million in Capital One Financial Corporation $COF

Key Points

• Orion Capital Management initiated a $1.04 million position in Capital One Financial during the second quarter, joining other institutional investors; institutions collectively own 89.84% of the stock.
• Analysts maintain a favorable outlook, with 21 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $258.91.
• Capital One reported quarterly EPS of $5.81, exceeding estimates by $1.02, while revenue rose 26.9% year over year. The company also declared a quarterly dividend of $0.80 per share, representing a 1.5% annualized yield.

Orion Capital Management LLC bought a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,185 shares of the financial services provider's stock, valued at approximately $1,040,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Glenview Trust Co purchased a new stake in shares of Capital One Financial during the 2nd quarter valued at $4,315,000. North Star Asset Management Inc. acquired a new stake in shares of Capital One Financial in the 2nd quarter worth $882,000. Empowered Funds LLC purchased a new position in Capital One Financial during the 2nd quarter worth $22,022,000. United Capital Financial Advisors LLC purchased a new position in Capital One Financial during the 2nd quarter worth $6,840,000. Finally, Brooks Moore & Associates Inc. acquired a new position in Capital One Financial during the 2nd quarter valued at about $2,004,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COF has been the subject of several recent analyst reports. Wolfe Research raised their price target on Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday. TD Cowen cut their price objective on shares of Capital One Financial from $260.00 to $253.00 and set a "buy" rating on the stock in a report on Tuesday, July 7th. HSBC raised shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the company from $226.00 to $229.00 in a research report on Sunday, July 12th. Barclays lowered their target price on shares of Capital One Financial from $242.00 to $240.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Capital One Financial in a research report on Thursday, August 20th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus target price of $258.91.

Insider Activity

In other news, insider Ravi Raghu sold 9,726 shares of the company's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the sale, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the sale, the insider owned 63,261 shares of the company's stock, valued at approximately $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 26,267 shares of company stock worth $5,617,648. Insiders own 0.78% of the company's stock.

Capital One Financial Stock Down 0.4%

Shares of COF opened at $215.81 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The stock's 50-day moving average price is $210.32 and its 200-day moving average price is $198.00. The company has a market capitalization of $132.40 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.80 and a beta of 1.02.

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

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial's dividend payout ratio is currently 19.80%.

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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