Seascape Capital Management Buys New Holdings in Capital One Financial Corporation $COF

Key Points

• Seascape Capital Management acquired 28,193 shares of Capital One Financial, worth approximately $5.998 million, making it the 11th largest position in their investment portfolio.
• Major investors such as Kingstone Capital Partners and Vanguard Group have significantly increased their stakes in Capital One, indicating growing confidence in the financial services provider.
• Capital One's recent earnings report showed an EPS of $5.48, surpassing estimates, while a quarterly dividend of $0.60 was announced, reflecting a 1.1% yield.

Seascape Capital Management acquired a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 28,193 shares of the financial services provider's stock, valued at approximately $5,998,000. Capital One Financial comprises 1.9% of Seascape Capital Management's investment portfolio, making the stock its 11th biggest holding.

A number of other institutional investors have also made changes to their positions in the stock. WPG Advisers LLC bought a new position in Capital One Financial during the 1st quarter worth about $25,000. Saudi Central Bank bought a new stake in Capital One Financial in the first quarter valued at approximately $27,000. Physician Wealth Advisors Inc. lifted its holdings in Capital One Financial by 1,200.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 144 shares during the last quarter. Beacon Capital Management LLC grew its stake in 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 buying an additional 97 shares during the last quarter. Finally, Family Legacy Financial Solutions LLC acquired a new stake in shares of Capital One Financial during the second quarter worth $42,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred 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 transaction, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Tuesday, September 2nd. The stock was 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 owned 100,486 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on COF shares. Citigroup upped their target price on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Barclays restated an "overweight" rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada lifted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $239.44.

Capital One Financial Stock Down 1.2%

Shares of Capital One Financial stock traded down $2.84 on Monday, reaching $225.48. The stock had a trading volume of 2,565,843 shares, compared to its average volume of 2,843,086. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The company has a 50 day moving average price of $218.78 and a 200 day moving average price of $198.19. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $144.20 billion, a P/E ratio of 115.63, a P/E/G ratio of 0.88 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 EPS. As a group, equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company 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 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is currently 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.