Pflug Koory LLC Makes New $618,000 Investment in Capital One Financial Corporation $COF

Key Points

• Pflug Koory LLC made a new investment of $618,000 in Capital One Financial Corporation, acquiring 2,905 shares during the second quarter.
• Insider transactions reported include General Counsel Matthew W. Cooper selling 2,000 shares for approximately $423,980, indicating a 1.99% decrease in his position.
• Several analysts have updated their price targets for Capital One Financial, with a consensus rating of "Moderate Buy" and a target price of $249.06.

Pflug Koory LLC bought a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,905 shares of the financial services provider's stock, valued at approximately $618,000.

Other large investors have also bought and sold shares of the company. Eagle Bay Advisors LLC grew its position in shares of Capital One Financial by 3.6% in the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider's stock valued at $299,000 after purchasing an additional 49 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. boosted its stake in Capital One Financial by 0.3% during the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider's stock valued at $3,532,000 after buying an additional 50 shares during the period. TFB Advisors LLC boosted its stake in Capital One Financial by 3.4% during the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock valued at $276,000 after buying an additional 51 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Capital One Financial by 0.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock valued at $1,097,000 after buying an additional 53 shares during the period. Finally, tru Independence LLC boosted its stake in Capital One Financial by 1.7% during the second quarter. tru Independence LLC now owns 3,202 shares of the financial services provider's stock valued at $681,000 after buying an additional 55 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the sale, the general counsel owned 98,486 shares of the company's stock, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the transaction, the chief accounting officer 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. In the last 90 days, insiders sold 23,298 shares of company stock worth $5,103,824. Insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

COF has been the subject of several research analyst reports. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 price objective for the company. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company lifted their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Truist Financial lifted their price target 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. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus price target of $249.06.

Capital One Financial Trading Up 0.3%

NYSE COF opened at $214.39 on Friday. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $219.30 and a 200-day moving average of $200.97. The firm has a market cap of $137.10 billion, a PE ratio of 109.94, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last released its 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. During the same period last year, the firm posted $3.14 EPS. The company's revenue was up 31.4% on a year-over-year basis. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's 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.

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