Prairie Sky Financial Group LLC Acquires New Shares in Capital One Financial Corporation $COF

Key Points

• Prairie Sky Financial Group LLC acquired 3,382 shares of Capital One Financial Corporation, valued at approximately $720,000, marking the stock as the 29th biggest position in its portfolio.
• Several institutional investors have recently increased their holdings in Capital One, with Brighton Jones LLC raising its stake by 330.1% in the fourth quarter.
• Capital One Financial reported $5.48 earnings per share for the last quarter, significantly surpassing analysts' expectations of $1.93, with a revenue of $12.49 billion.

Prairie Sky Financial Group LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,382 shares of the financial services provider's stock, valued at approximately $720,000. Capital One Financial makes up approximately 0.4% of Prairie Sky Financial Group LLC's portfolio, making the stock its 29th biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in COF. Brighton Jones LLC raised its holdings in shares of Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after acquiring an additional 10,428 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Capital One Financial by 18.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,129 shares of the financial services provider's stock valued at $5,582,000 after acquiring an additional 4,899 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Capital One Financial by 2.6% in the first quarter. Ritholtz Wealth Management now owns 10,844 shares of the financial services provider's stock worth $1,944,000 after purchasing an additional 274 shares in the last quarter. Mission Wealth Management LP bought a new position in Capital One Financial in the first quarter worth about $219,000. Finally, Janney Montgomery Scott LLC raised its holdings in Capital One Financial by 9.6% in the first quarter. Janney Montgomery Scott LLC now owns 98,617 shares of the financial services provider's stock worth $17,682,000 after purchasing an additional 8,651 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on COF shares. UBS Group reduced their target price on shares of Capital One Financial from $270.00 to $266.00 and set a "buy" rating for the company in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Capital One Financial from $215.00 to $224.00 and gave the stock a "hold" rating in a report on Thursday, October 2nd. HSBC set a $218.00 target price on shares of Capital One Financial and gave the stock a "hold" rating in a report on Friday. Royal Bank Of Canada boosted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Finally, Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $252.78.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock worth $5,103,824 in the last ninety days. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

Shares of COF stock opened at $214.08 on Wednesday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The firm has a market capitalization of $136.91 billion, a price-to-earnings ratio of 109.78, a PEG ratio of 0.76 and a beta of 1.18. 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 $219.00 and its 200-day simple moving average is $202.75.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the previous year, the firm posted $3.14 EPS. Capital One Financial's revenue was up 31.4% on a year-over-year basis. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share 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 given a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's dividend 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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