Prepared Retirement Institute LLC Makes New Investment in Capital One Financial Corporation $COF

Key Points

• Prepared Retirement Institute LLC purchased 1,929 shares of Capital One Financial, valued at approximately $410,000, during the second quarter.
• Institutional investors and hedge funds collectively own 89.84% of Capital One Financial's stock, indicating strong institutional confidence.
• After recently reported earnings, analysts have set a consensus price target of $239.44 for Capital One Financial, with multiple firms upgrading their ratings and price targets.

Prepared Retirement Institute LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,929 shares of the financial services provider's stock, valued at approximately $410,000.

A number of other hedge funds also recently modified their holdings of COF. Kingstone Capital Partners Texas LLC raised its position in shares of 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 purchasing an additional 117,427,549 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in shares of Capital One Financial during the first quarter worth about $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Capital One Financial by 45.1% during 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 purchasing an additional 1,454,595 shares during the period. Bank of New York Mellon Corp raised its position in shares of Capital One Financial by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after purchasing an additional 950,415 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Capital One Financial during the first quarter worth about $141,599,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Rothschild & Co Redburn assumed coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday. Morgan Stanley reaffirmed an "overweight" rating on shares of Capital One Financial in a research report on Monday. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and lifted their target price for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lifted their target price on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Capital One Financial has an average rating of "Moderate Buy" and a consensus price target of $239.44.

Insider Buying and Selling

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares of the company's stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Timothy P. Golden sold 3,462 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 over the last 90 days. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Up 0.7%

Shares of Capital One Financial stock opened at $223.97 on Monday. The firm has a market cap of $143.23 billion, a PE ratio of 114.86, 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. The business's 50 day simple moving average is $219.28 and its 200 day simple moving average is $199.78. 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 (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, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates 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 period last year, the firm earned $3.14 EPS. On average, analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

About Capital One Financial

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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