Rowlandmiller & PARTNERS.ADV Takes Position in Capital One Financial Corporation $COF

Key Points

• Rowlandmiller & PARTNERS.ADV has acquired a new stake in Capital One Financial Corporation, purchasing 8,438 shares valued at approximately $1.8 million.
• Insider transactions saw both CAO Timothy P. Golden and General Counsel Matthew W. Cooper sell shares, indicating a 2.30% and 1.95% decrease in their ownership, respectively.
• Capital One's quarterly earnings beat analysts' expectations, reporting $5.48 per share against a forecast of $1.93, while the stock recently announced a quarterly dividend yielding 1.1%.

Rowlandmiller & PARTNERS.ADV acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,438 shares of the financial services provider's stock, valued at approximately $1,795,000.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 buying an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Capital One Financial by 105.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after purchasing an additional 394 shares in the last quarter. Private Advisor Group LLC grew its stake in Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after purchasing an additional 1,312 shares in the last quarter. Mutual Advisors LLC acquired a new position in Capital One Financial during the 1st quarter worth $215,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new position in Capital One Financial during the 4th quarter worth $91,780,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In other news, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel directly owned 100,486 shares of the company's stock, valued at $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 over the last quarter. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Down 0.3%

Shares of NYSE COF opened at $223.59 on Friday. The company has a market capitalization of $142.99 billion, a price-to-earnings ratio of 114.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. 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 business has a 50-day moving average of $217.89 and a two-hundred day moving average of $196.49. Capital One Financial Corporation has a 1 year low of $137.64 and a 1 year 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 business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same period last year, the firm earned $3.14 earnings per share. On average, analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's payout ratio is presently 123.08%.

Analysts Set New Price Targets

Several research analysts recently commented on COF shares. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Bank of America boosted their target price on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Barclays reissued an "overweight" rating and set a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $239.44.

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.

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