Perpetual Ltd Invests $298,000 in Capital One Financial Corporation $COF

Key Points

• Perpetual Ltd acquired 1,402 shares of Capital One Financial Corporation in Q2, valued at approximately $298,000, marking a new position for the firm.
• Insider transactions revealed that Robert M. Alexander sold over 10,000 shares, reducing his stake by 12.83%, while CAO Timothy P. Golden also sold shares, decreasing his position by 27.81%.
• Analysts have upgraded Capital One's stock rating to "strong-buy" as several set new price targets, with a consensus average price target of $239.44.

Perpetual Ltd acquired a new position 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 firm acquired 1,402 shares of the financial services provider's stock, valued at approximately $298,000.

Other large investors also recently added to or reduced their stakes in 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 worth $24,988,129,000 after buying an additional 117,427,549 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in Capital One Financial in the first quarter worth $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Capital One Financial by 45.1% in 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 worth $838,609,000 after acquiring an additional 1,454,595 shares during the period. Bank of New York Mellon Corp lifted its holdings in Capital One Financial by 23.7% in 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 acquiring an additional 950,415 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Capital One Financial in the first quarter worth $141,599,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Activity

In other news, insider Robert M. Alexander sold 10,114 shares of the firm'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 transaction, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 in the last quarter. 1.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on COF shares. Citigroup upped their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Keefe, Bruyette & Woods boosted their price objective on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Rothschild & Co Redburn initiated coverage on Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 target price on the stock. Finally, Wells Fargo & Company upped their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus price target of $239.44.

Capital One Financial Stock Down 1.2%

Shares of NYSE:COF traded down $2.84 during midday trading on Monday, hitting $225.48. 2,565,843 shares of the company's stock traded hands, compared to its average volume of 2,843,086. The company has a market cap of $144.20 billion, a PE ratio of 115.63, a P/E/G ratio of 0.88 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. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The firm's fifty day moving average price is $218.68 and its two-hundred day moving average price is $197.82.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.14 EPS. On average, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.60 per share. 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 dividend payout ratio is 123.08%.

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.