Shell Asset Management Co. Purchases 34,383 Shares of Capital One Financial Corporation $COF

Key Points

• Shell Asset Management Co. significantly increased its stake in Capital One Financial by purchasing 34,383 shares, resulting in a 345.5% boost, and the total holdings are now valued at approximately $9.43 million.
• Capital One Financial's latest earnings report showed an earnings per share of $5.48, exceeding estimates, and revenues increased by 31.4% year-over-year, although they were below analyst expectations.
• The company recently announced a quarterly dividend of $0.60 per share, resulting in an annualized yield of 1.1%, despite a high dividend payout ratio of 123.08%.

Shell Asset Management Co. boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 345.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,334 shares of the financial services provider's stock after purchasing an additional 34,383 shares during the period. Shell Asset Management Co.'s holdings in Capital One Financial were worth $9,433,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC bought a new position in Capital One Financial in the 2nd quarter worth about $304,000. TriaGen Wealth Management LLC bought a new position in shares of Capital One Financial during the second quarter valued at approximately $571,000. Joel Isaacson & Co. LLC boosted its stake in shares of Capital One Financial by 5.9% during the second quarter. Joel Isaacson & Co. LLC now owns 3,202 shares of the financial services provider's stock valued at $681,000 after purchasing an additional 178 shares in the last quarter. Laraway Financial Advisors Inc bought a new position in shares of Capital One Financial during the second quarter valued at approximately $841,000. Finally, Sachetta LLC boosted its stake in shares of Capital One Financial by 141.9% during the second quarter. Sachetta LLC now owns 300 shares of the financial services provider's stock valued at $64,000 after purchasing an additional 176 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Down 0.3%

COF stock opened at $213.78 on Tuesday. The firm's fifty day moving average is $219.29 and its 200 day moving average is $201.62. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The firm has a market cap of $136.72 billion, a PE ratio of 109.63, a P/E/G ratio of 0.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

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

Capital One Financial Dividend Announcement

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

Insider Activity

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the insider owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the transaction, the general counsel owned 98,486 shares of the company's stock, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,298 shares of company stock worth $5,103,824. Insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on COF shares. Citigroup increased their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Barclays increased their target price on shares of Capital One Financial from $253.00 to $257.00 and gave the company an "overweight" rating in a research report on Monday. Wells Fargo & Company increased their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Robert W. Baird increased their target price on shares of Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average target price of $249.44.

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.

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