Park Avenue Securities LLC Makes New $13.33 Million Investment in Capital One Financial Corporation $COF

Key Points

• Park Avenue Securities LLC acquired a new stake in Capital One Financial Corporation, purchasing 62,646 shares valued at approximately $13.33 million in the 2nd quarter.
• Capital One reported significant quarterly earnings, with $5.48 EPS which surpassed analysts' estimates by $3.55, along with a revenue increase of 31.4% year-over-year.
• Insiders of Capital One have been selling shares, with insider Robert M. Alexander selling 10,114 shares for over $2.3 million, indicating a 12.83% decrease in his ownership.

Park Avenue Securities LLC acquired a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 62,646 shares of the financial services provider's stock, valued at approximately $13,329,000.

Several other institutional investors have also bought and sold shares of the stock. Kingstone Capital Partners Texas LLC boosted its holdings in Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock worth $24,988,129,000 after acquiring an additional 117,427,549 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of Capital One Financial during the first quarter valued at about $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Capital One Financial by 45.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock valued at $838,609,000 after purchasing an additional 1,454,595 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Capital One Financial by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after purchasing an additional 950,415 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Capital One Financial in the 1st quarter valued at about $141,599,000. Institutional investors own 89.84% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on COF. Keefe, Bruyette & Woods upped their target price on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Citigroup lifted their target price on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Truist Financial raised their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $239.44.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares of the company's stock, valued at $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock valued at $4,679,844 over the last 90 days. Company insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

Shares of COF stock traded down $2.39 during trading on Tuesday, hitting $223.03. The company had a trading volume of 1,830,742 shares, compared to its average volume of 4,249,407. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The stock has a market capitalization of $142.63 billion, a price-to-earnings ratio of 114.40, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. The stock's 50-day moving average is $218.78 and its two-hundred day moving average is $198.19.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company 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 firm earned $3.14 EPS. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. As a group, analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

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.