Quantum Financial Advisors LLC Buys Shares of 2,267 Capital One Financial Corporation $COF

Key Points

• Quantum Financial Advisors LLC has acquired a new position in Capital One Financial Corporation, purchasing 2,267 shares valued at approximately $482,000 during the second quarter.
• Several analysts have recently raised their price targets for Capital One Financial, with Truist Financial increasing their target from $260.00 to $270.00 and Wells Fargo raising theirs from $225.00 to $265.00.
• Capital One Financial announced a quarterly dividend of $0.60 per share, reflecting an annualized dividend yield of 1.1%, despite a high payout ratio of 123.08%.

Quantum Financial Advisors LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,267 shares of the financial services provider's stock, valued at approximately $482,000.

Several other hedge funds also recently bought and sold shares of COF. WPG Advisers LLC purchased a new position in Capital One Financial during the first quarter valued at approximately $25,000. Saudi Central Bank purchased a new position in Capital One Financial during the first quarter valued at approximately $27,000. Beacon Capital Management LLC grew its stake in Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 97 shares in the last quarter. Nova Wealth Management Inc. grew its stake in Capital One Financial by 629.6% during the second quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 170 shares in the last quarter. Finally, Family Legacy Financial Solutions LLC purchased a new position in Capital One Financial during the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on COF shares. Truist Financial lifted their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Keefe, Bruyette & Woods lifted their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Barclays reiterated an "overweight" rating and set a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction dated Monday, August 4th. The shares were 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. This represents a 16.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the transaction, the chief accounting officer owned 8,780 shares in the company, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock valued at $4,679,844 over the last 90 days. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Trading Down 0.9%

Capital One Financial stock traded down $2.03 during mid-day trading on Tuesday, reaching $223.38. 1,748,746 shares of the company traded hands, compared to its average volume of 4,249,023. 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 firm's 50 day moving average price is $218.78 and its 200 day moving average price is $198.19. The firm has a market capitalization of $142.85 billion, a price-to-earnings ratio of 114.55, a P/E/G ratio of 0.88 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.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations 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 in the previous year, the firm posted $3.14 earnings per share. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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