Professional Financial Advisors LLC Makes New Investment in Capital One Financial Corporation $COF

Key Points

• Professional Financial Advisors LLC has made a new investment of approximately $1.40 million in Capital One Financial Corporation by purchasing 6,564 shares of stock.
• Vanguard Group Inc. and Bank of New York Mellon Corp have increased their stakes in Capital One Financial, with Vanguard now owning over $5.78 billion worth of shares and Bank of New York Mellon holding nearly $890 million.
• Capital One Financial recently reported an earnings per share of $5.48 for the last quarter, considerably exceeding analyst estimates of $1.93.

Professional Financial Advisors LLC acquired a new stake 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 fund acquired 6,564 shares of the financial services provider's stock, valued at approximately $1,397,000.

Several other institutional investors and hedge funds have also modified their holdings of COF. Brighton Jones LLC lifted its holdings in shares of Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after buying an additional 10,428 shares during the period. State of Wyoming acquired a new position in Capital One Financial in the 4th quarter worth about $187,000. Teza Capital Management LLC acquired a new position in Capital One Financial in the 4th quarter worth about $252,000. Woodline Partners LP acquired a new position in Capital One Financial in the 4th quarter worth about $4,085,000. Finally, Williams Jones Wealth Management LLC. acquired a new position in Capital One Financial in the 4th quarter worth about $227,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Rothschild & Co Redburn assumed coverage on Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target for the company. Truist Financial upped their price target on Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Finally, TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $239.44.

Insiders Place Their Bets

In related news, insider Robert M. Alexander sold 10,114 shares of the 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 transaction, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Zamsky sold 5,515 shares of the 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 completion of the transaction, the insider 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is currently owned by insiders.

Capital One Financial Price Performance

Shares of COF stock traded down $2.84 during trading hours on Monday, reaching $225.48. The company had a trading volume of 2,565,843 shares, compared to its average volume of 2,843,086. 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 has a fifty day moving average of $218.78 and a 200-day moving average of $198.19. The company has a market capitalization of $144.20 billion, a price-to-earnings ratio of 115.63, a PEG ratio of 0.88 and a beta of 1.17. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45.

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 (EPS) 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 analysts' expectations of $12.72 billion. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the company earned $3.14 earnings per share. On average, equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio is presently 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.