Pennsylvania Capital Management Inc. ADV Acquires 2,907 Shares of Capital One Financial Corporation $COF

Key Points

• Pennsylvania Capital Management Inc. ADV increased its holdings in Capital One Financial Corporation by 185.2%, acquiring an additional 2,907 shares to reach a total of 4,477 shares, valued at approximately $953,000.
• Several analysts have upgraded their ratings for Capital One Financial, with a notable increase in price targets, including Citigroup raising it to $275.00, indicating strong positive sentiment around the stock.
• The company declared a quarterly dividend of $0.60, with a dividend yield of 1.1%, although its payout ratio stands at 123.08%, suggesting high distribution relative to its earnings.

Pennsylvania Capital Management Inc. ADV increased its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 185.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,477 shares of the financial services provider's stock after buying an additional 2,907 shares during the period. Pennsylvania Capital Management Inc. ADV's holdings in Capital One Financial were worth $953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. WPG Advisers LLC bought a new position in shares of Capital One Financial in the first quarter worth $25,000. Moisand Fitzgerald Tamayo LLC boosted its holdings in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 62 shares during the period. Saudi Central Bank bought a new stake in Capital One Financial during the first quarter valued at $27,000. Signature Resources Capital Management LLC bought a new stake in Capital One Financial during the second quarter valued at $28,000. Finally, Beacon Capital Management LLC boosted its stake in Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after buying an additional 97 shares during the period. 89.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on COF. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Barclays restated an "overweight" rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Citigroup boosted their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $241.06.

Insider Activity

In other news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the transaction, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock worth $4,679,844 in the last ninety days. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Trading Down 0.3%

Capital One Financial stock opened at $223.33 on Tuesday. The business has a 50-day simple moving average of $219.43 and a two-hundred day simple moving average of $200.14. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $142.82 billion, a P/E ratio of 114.53, a P/E/G ratio of 0.86 and a beta of 1.17. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45.

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 firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the previous year, the company posted $3.14 earnings per share. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. Analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's payout ratio is currently 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.

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