Capital One Financial Corporation $COF Shares Bought by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in Capital One Financial by 12.6%, acquiring 81,452 shares and owning approximately 0.19% of the company valued at $130.3 million.
• The firm reported an EPS of $5.48 for the last quarter, significantly exceeding analyst estimates, with a year-over-year revenue increase of 31.4%.
• Capital One Financial announced a quarterly dividend of $0.60 per share, with a payout ratio of 123.08% and an annualized yield of 1.1%.

Raymond James Financial Inc. boosted its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 12.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 726,873 shares of the financial services provider's stock after acquiring an additional 81,452 shares during the period. Raymond James Financial Inc. owned about 0.19% of Capital One Financial worth $130,328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after acquiring an additional 9,374 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after acquiring an additional 394 shares during the last quarter. Private Advisor Group LLC lifted its position in Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after acquiring an additional 1,312 shares during the last quarter. Mutual Advisors LLC purchased a new stake in Capital One Financial in the first quarter valued at $215,000. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Capital One Financial in the fourth quarter valued at about $91,780,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

NYSE COF traded up $9.2070 during trading hours on Friday, hitting $221.2170. 4,137,068 shares of the stock were exchanged, compared to its average volume of 3,572,499. The company has a market cap of $141.47 billion, a price-to-earnings ratio of 113.45, a price-to-earnings-growth ratio of 0.86 and a beta of 1.16. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month high of $232.45. The stock has a 50-day moving average of $212.93 and a 200 day moving average of $194.01. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

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, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The company's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.14 earnings per share. As a group, equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be 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 is Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Insider Buying and Selling

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction dated 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 in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,298 shares of company stock valued at $4,233,044 over the last ninety days. Corporate insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on COF shares. Bank of America upped their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Barclays reaffirmed an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Finally, Citigroup upped their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $238.81.

Capital One Financial 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.