Patron Partners LLC Makes New $941,000 Investment in Capital One Financial Corporation $COF

Key Points

• Patron Partners LLC has made a new investment in Capital One Financial Corporation, acquiring 4,422 shares valued at approximately $941,000.
• The company reported a significant increase in earnings per share, with $5.48 in Q2, surpassing the analysts' expected $1.93 per share.
• Capital One Financial has recently announced a quarterly dividend of $0.60 per share, with a dividend yield of 1.1% and a payout ratio of 123.08%.

Patron Partners LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,422 shares of the financial services provider's stock, valued at approximately $941,000.

A number of other large investors have also made changes to their positions in the company. WPG Advisers LLC acquired a new position in Capital One Financial in the first quarter valued at about $25,000. Saudi Central Bank bought a new position in shares of Capital One Financial during the 1st quarter valued at about $27,000. Beacon Capital Management LLC grew its position in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares during the period. Physician Wealth Advisors Inc. increased its stake in Capital One Financial by 1,200.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider's stock worth $33,000 after purchasing an additional 144 shares in the last quarter. Finally, Nova Wealth Management Inc. increased its stake in Capital One Financial by 629.6% during the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock worth $42,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Insider Activity

In other news, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial 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 owned 8,987 shares of the company's stock, valued at $1,889,786.36. This trade represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% 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 in the last ninety days. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

NYSE:COF opened at $222.42 on Friday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a market cap of $142.24 billion, a P/E ratio of 114.06, a P/E/G ratio of 0.86 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The stock's 50-day simple moving average is $219.17 and its 200 day simple moving average is $198.94.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.14 earnings per share. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal 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 paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Analysts Set New Price Targets

A number of brokerages have weighed in on COF. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada boosted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Finally, Rothschild & Co Redburn began coverage on Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target on the stock. Three investment 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $239.44.

Capital One Financial 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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