Schubert & Co Buys New Position in Capital One Financial Corporation $COF

Key Points

• Schubert & Co has acquired a new stake in Capital One Financial Corporation during Q2, purchasing 3,247 shares valued at approximately $691,000, making it the firm's 28th largest holding.
• Capital One reported a strong quarterly earnings performance with an EPS of $5.48, significantly surpassing the consensus estimate of $1.93, and a revenue of $12.49 billion, up 31.4% year-over-year.
• Analysts have raised price targets for Capital One, with Barclays and Keefe, Bruyette & Woods setting new targets at $257.00 and $260.00 respectively, while the consensus price target is $252.78, reflecting a "Moderate Buy" rating.

Schubert & Co bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,247 shares of the financial services provider's stock, valued at approximately $691,000. Capital One Financial makes up approximately 0.5% of Schubert & Co's investment portfolio, making the stock its 28th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC boosted its position in shares of Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC boosted its position in shares of Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 101 shares in the last quarter. RMG Wealth Management LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at about $27,000. Signature Resources Capital Management LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at about $28,000. Finally, WPG Advisers LLC acquired a new position in Capital One Financial during the 1st quarter worth approximately $25,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $211.25 on Friday. The company has a market cap of $135.10 billion, a PE ratio of 108.33, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The business has a 50 day moving average price of $219.01 and a 200-day moving average price of $203.37. 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 issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. The business's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period last year, the company earned $3.14 earnings per share. Equities 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Analysts Set New Price Targets

Several research analysts have issued reports on COF shares. Barclays increased their price target on Capital One Financial from $253.00 to $257.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Keefe, Bruyette & Woods increased their price target on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Citigroup increased their price target on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. cut their price target on Capital One Financial from $248.00 to $235.00 and set a "neutral" rating on the stock in a report on Tuesday, October 7th. Finally, HSBC set a $218.00 price target on Capital One Financial and gave the stock a "hold" rating in a report on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $252.78.

Insiders Place Their Bets

In related news, CAO Timothy P. Golden sold 207 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction 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. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares of the company's stock, 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. Over the last ninety days, insiders sold 23,298 shares of company stock valued at $5,103,824. Insiders own 1.26% of the company's stock.

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.