Relyea Zuckerberg Hanson LLC Invests $627,000 in Capital One Financial Corporation $COF

Key Points

• Relyea Zuckerberg Hanson LLC has made a new investment of $627,000 in Capital One Financial Corporation, acquiring 2,948 shares in the second quarter.
• Recent analysts' ratings for Capital One display a positive trend, with Wall Street Zen upgrading the stock to a buy and various price targets increasing, indicating a consensus rating of "Moderate Buy".
• Capital One recently announced a quarterly dividend of $0.60 per share, which represents an annual yield of 1.1%, despite a high dividend payout ratio (DPR) of 123.08%.

Relyea Zuckerberg Hanson LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,948 shares of the financial services provider's stock, valued at approximately $627,000.

A number of other institutional investors also recently bought and sold shares of COF. Moisand Fitzgerald Tamayo LLC lifted its stake in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC raised its stake in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Signature Resources Capital Management LLC purchased a new position in Capital One Financial in the 2nd quarter worth $28,000. WPG Advisers LLC acquired a new stake in Capital One Financial during the 1st quarter worth about $25,000. Finally, Saudi Central Bank purchased a new stake in Capital One Financial during the 1st quarter valued at about $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Weiss Ratings reissued a "hold (c-)" rating on shares of Capital One Financial in a research report on Saturday, September 27th. Robert W. Baird lifted their price objective on shares of Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday. Truist Financial increased their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, Wells Fargo & Company raised their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $249.06.

Capital One Financial Price Performance

Shares of NYSE COF opened at $214.39 on Monday. 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 stock has a market capitalization of $137.10 billion, a price-to-earnings ratio of 109.94, a PEG ratio of 0.79 and a beta of 1.18. The firm's 50 day simple moving average is $219.30 and its 200-day simple moving average is $201.35. 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 announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business's quarterly revenue was up 31.4% on a year-over-year basis. During the same period last year, the company posted $3.14 earnings per share. Analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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 dividend of $0.60 per share. The ex-dividend date 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 (DPR) is 123.08%.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction on 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 completion of the sale, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.