Signet Financial Management LLC Acquires New Stake in Capital One Financial Corporation $COF

Key Points

• Signet Financial Management LLC acquired a new stake in Capital One Financial Corporation, purchasing 33,435 shares valued at approximately $7.1 million, making it the 27th biggest position in their portfolio.
• Insider Michael Zamsky sold 5,515 shares of Capital One at an average price of $209.59, representing a 16.77% decrease in his holdings.
• Capital One recently reported quarterly earnings of $5.48 EPS, significantly exceeding estimates, with a revenue of $12.49 billion for the quarter, marking a 31.4% increase year-over-year.

Signet Financial Management LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 33,435 shares of the financial services provider's stock, valued at approximately $7,114,000. Capital One Financial accounts for about 0.9% of Signet Financial Management LLC's investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds have also recently bought and sold shares of COF. WPG Advisers LLC acquired a new position in Capital One Financial in the first quarter worth approximately $25,000. Saudi Central Bank acquired a new position in shares of Capital One Financial in the 1st quarter worth $27,000. Beacon Capital Management LLC grew its holdings 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 worth $32,000 after acquiring an additional 97 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in shares of Capital One Financial by 1,200.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider's stock worth $33,000 after acquiring an additional 144 shares during the last quarter. Finally, Nova Wealth Management Inc. grew its holdings in shares of Capital One Financial by 629.6% in the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock worth $42,000 after acquiring an additional 170 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the transaction, the general counsel owned 100,486 shares in the company, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,298 shares of company stock valued at $4,679,844. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Up 0.5%

Shares of Capital One Financial stock opened at $224.14 on Thursday. The stock has a 50-day simple moving average of $219.08 and a 200-day simple moving average of $198.54. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The firm has a market cap of $143.34 billion, a price-to-earnings ratio of 114.95, a P/E/G ratio of 0.86 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.

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 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter last year, the company earned $3.14 EPS. The business's revenue for the quarter was up 31.4% compared to the same quarter last year. On average, equities research analysts expect 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 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 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%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Truist Financial boosted their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Keefe, Bruyette & Woods upped their price target on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $239.44.

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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