62,646 Shares in Capital One Financial Corporation $COF Bought by Park Avenue Securities LLC

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 purchased a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 62,646 shares of the financial services provider's stock, valued at approximately $13,329,000.

Other institutional investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its position in Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after buying an additional 117,427,549 shares during the period. Diamond Hill Capital Management Inc. purchased a new position in shares of Capital One Financial during the first quarter valued at approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Capital One Financial by 45.1% in the 1st 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 boosted its position in Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after acquiring an additional 950,415 shares during the period. Finally, Nuveen LLC acquired a new position in Capital One Financial during the first quarter valued at $141,599,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction dated Tuesday, August 12th. The stock was 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 owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction 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 sale, the general counsel directly owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on COF. Barclays reissued an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Keefe, Bruyette & Woods lifted their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Truist Financial boosted their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $239.44.

Capital One Financial Stock Down 0.7%

Capital One Financial stock traded down $1.61 during mid-day trading on Friday, reaching $228.13. The company's stock had a trading volume of 4,825,233 shares, compared to its average volume of 2,843,086. 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 Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The company has a market capitalization of $145.89 billion, a price-to-earnings ratio of 116.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. The business's 50 day simple moving average is $218.68 and its 200 day simple moving average is $197.82.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The business's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.14 EPS. As a group, research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is 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.