Private Client Services LLC Buys Shares of 1,157 Capital One Financial Corporation $COF

Key Points

• Private Client Services LLC has made a new investment of $246,000 in Capital One Financial Corporation, acquiring 1,157 shares in the second quarter.
• Analysts have recently increased their price targets for Capital One Financial, with TD Cowen raising it to $258.00 and Wells Fargo increasing it to $265.00, reflecting strong optimism in the stock's performance.
• Capital One Financial declared a quarterly dividend of $0.60 per share, representing an annualized yield of 1.1%, although its dividend payout ratio stands at 123.08%.

Private Client Services LLC bought a new position in Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,157 shares of the financial services provider's stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of COF. WPG Advisers LLC purchased a new stake in Capital One Financial in the first quarter worth $25,000. Saudi Central Bank purchased a new stake in Capital One Financial in the first quarter worth $27,000. Beacon Capital Management LLC increased its stake in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares during the period. Bogart Wealth LLC increased its stake in Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after purchasing an additional 243 shares during the period. Finally, Motco increased its stake in Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Down 1.0%

Capital One Financial stock traded down $2.33 during midday trading on Friday, reaching $227.41. The company's stock had a trading volume of 1,001,637 shares, compared to its average volume of 4,251,065. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The stock has a market capitalization of $145.43 billion, a P/E ratio of 116.63, a PEG ratio of 0.87 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The stock's 50-day simple moving average is $218.52 and its 200-day simple moving average is $197.29.

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 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The firm's revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.14 earnings per share. On average, sell-side analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on COF. Barclays reiterated an "overweight" rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Wells Fargo & Company increased their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Citigroup increased their price target on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Royal Bank Of Canada increased their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, Rothschild & Co Redburn started 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. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $239.44.

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of Capital One Financial 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 directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 directly owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is currently owned by company insiders.

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.