Rehmann Capital Advisory Group Has $3.61 Million Position in Capital One Financial Corporation $COF

Key Points

• Rehmann Capital Advisory Group has increased its stake in Capital One Financial Corporation by 49.5%, now holding 16,958 shares worth approximately $3.61 million.
• Analysts are optimistic about Capital One Financial's growth, with TD Cowen raising their price target from $258 to $261 and Evercore ISI from $240 to $255, both maintaining a "buy" rating.
• Capital One Financial recently declared a quarterly dividend of $0.60, representing an annualized yield of 1.1%, despite a payout ratio of 123.08%.

Rehmann Capital Advisory Group increased its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 49.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,958 shares of the financial services provider's stock after buying an additional 5,617 shares during the quarter. Rehmann Capital Advisory Group's holdings in Capital One Financial were worth $3,608,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in Capital One Financial by 18.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after buying an additional 9,374 shares in the last quarter. Plancorp LLC acquired a new stake in Capital One Financial during the second quarter worth approximately $272,000. Creative Financial Designs Inc. ADV grew its position in Capital One Financial by 105.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after buying an additional 394 shares in the last quarter. Private Advisor Group LLC grew its position in Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after buying an additional 1,312 shares in the last quarter. Finally, Mutual Advisors LLC acquired a new stake in Capital One Financial during the first quarter worth approximately $215,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COF. TD Cowen increased their price target on Capital One Financial from $258.00 to $261.00 and gave the stock a "buy" rating in a research report on Monday, October 6th. Evercore ISI upped their target price on Capital One Financial from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 30th. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Robert W. Baird upped their target price on Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday, October 2nd. Finally, Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and an average price target of $256.67.

Insider Activity

In related news, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the sale, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on 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 completion of the sale, 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. In the last ninety days, insiders sold 13,184 shares of company stock worth $2,799,248. Insiders own 1.26% of the company's stock.

Capital One Financial Stock Up 1.1%

Shares of COF opened at $217.31 on Wednesday. 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 $138.97 billion, a price-to-earnings ratio of 111.44, a PEG ratio of 0.77 and a beta of 1.18. 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 $219.16 and a 200-day moving average of $204.19.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, beating analysts' consensus estimates of $4.25 by $1.70. The firm had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $15.06 billion. During the same quarter in the previous year, the company posted $4.51 earnings per share. The firm's revenue was up 53.4% on a year-over-year basis. As a group, sell-side 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 company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio is presently 123.08%.

Capital One Financial Company 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.

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