SCS Capital Management LLC Acquires New Holdings in Capital One Financial Corporation $COF

Key Points

• SCS Capital Management LLC has acquired a new position in Capital One Financial, purchasing 1,649 shares valued at approximately $296,000.
• Several analysts have recently upgraded their price targets for Capital One Financial, with the average target now at $238.81 and many analysts giving the stock a "Moderate Buy" rating.
• Capital One Financial reported a 31.4% year-over-year revenue increase for the quarter, achieving earnings of $5.48 per share, which significantly surpassed analyst expectations.

SCS Capital Management LLC bought a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,649 shares of the financial services provider's stock, valued at approximately $296,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Capital One Financial in the first quarter valued at $25,000. Saudi Central Bank purchased a new stake in shares of Capital One Financial in the 1st quarter valued at about $27,000. Beacon Capital Management LLC boosted its position in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares during the period. Motco boosted its position in shares of Capital One Financial by 115.1% in the 1st quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 137 shares during the period. Finally, Bogart Wealth LLC grew its stake in Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after buying an additional 243 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on COF shares. Bank of America raised their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Rothschild & Co Redburn began coverage on Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods lifted their target price on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Three research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $239.44.

Capital One Financial Stock Performance

COF traded down $0.76 during trading on Friday, reaching $223.59. The company's stock had a trading volume of 2,153,601 shares, compared to its average volume of 2,822,809. 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 company's fifty day moving average price is $217.89 and its 200-day moving average price is $196.49. Capital One Financial Corporation has a 52-week low of $137.64 and a 52-week high of $232.45. 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.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same period in the prior year, the business earned $3.14 earnings per share. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. On average, equities 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 business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's payout ratio is presently 123.08%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the transaction, the general counsel directly owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,298 shares of company stock valued at $4,679,844. Company 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.