Redwood Investment Management LLC Makes New $1.19 Million Investment in Capital One Financial Corporation $COF

Key Points

• Redwood Investment Management acquired 5,954 Capital One shares worth approximately $1.19 million in the second quarter. Institutional investors collectively own 89.84% of COF.
• Capital One reported quarterly EPS of $5.81, beating estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion.
• The company declared a quarterly dividend of $0.80 per share, equating to a $3.20 annualized payout and a 1.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $258.91.

Redwood Investment Management 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,954 shares of the financial services provider's stock, valued at approximately $1,194,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock valued at $10,242,628,000 after acquiring an additional 236,643 shares during the period. Franklin Resources Inc. grew its holdings in Capital One Financial by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider's stock worth $3,023,795,000 after purchasing an additional 638,158 shares during the period. Morgan Stanley increased its stake in shares of Capital One Financial by 3.9% during the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider's stock valued at $2,103,196,000 after purchasing an additional 323,350 shares in the last quarter. Norges Bank bought a new position in shares of Capital One Financial during the fourth quarter valued at approximately $2,089,803,000. Finally, Davis Selected Advisers lifted its holdings in shares of Capital One Financial by 2.8% during the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider's stock valued at $2,087,878,000 after purchasing an additional 234,649 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of COF opened at $217.55 on Thursday. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a market capitalization of $133.46 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02. The firm has a 50 day moving average of $209.74 and a 200 day moving average of $197.92. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion for the quarter, compared to analysts' expectations of $15.76 billion. During the same period in the prior year, the firm posted $5.48 EPS. The firm's quarterly revenue was up 26.9% on a year-over-year basis. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial's payout ratio is currently 19.80%.

Insider Activity

In related news, insider Lia Dean sold 2,193 shares of Capital One Financial stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the sale, the insider directly owned 63,261 shares in the company, valued at approximately $14,266,620.72. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the business's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the transaction, the insider directly owned 27,992 shares of the company's stock, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 26,267 shares of company stock valued at $5,617,648. Corporate insiders own 0.78% of the company's stock.

Analyst Upgrades and Downgrades

COF has been the topic of a number of analyst reports. BTIG Research boosted their price target on Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Bank of America lowered their price objective on Capital One Financial from $234.00 to $231.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. TD Cowen dropped their target price on Capital One Financial from $260.00 to $253.00 and set a "buy" rating on the stock in a report on Tuesday, July 7th. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a research report on Thursday, August 20th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $258.91.

Capital One Financial Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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