Smith Chas P & Associates PA Cpas Has $9.25 Million Holdings in Capital One Financial Corporation $COF

Key Points

• Smith Chas P & Associates PA Cpas significantly increased its stake in Capital One Financial Corporation by 1,490% during the second quarter, now holding shares valued at $9.25 million.
• Capital One reported a Q2 EPS of $5.48, surpassing analysts' estimates by $3.55, with a year-over-year revenue increase of 31.4%.
• The company recently declared a quarterly dividend of $0.60, with a current dividend payout ratio of 123.08% and an annual yield of 1.1%.

Smith Chas P & Associates PA Cpas grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 1,490.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 43,486 shares of the financial services provider's stock after buying an additional 40,751 shares during the period. Smith Chas P & Associates PA Cpas' holdings in Capital One Financial were worth $9,252,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. increased its holdings in Capital One Financial by 1,320.9% in the 2nd quarter. Oakworth Capital Inc. now owns 1,222 shares of the financial services provider's stock valued at $260,000 after buying an additional 1,136 shares during the period. Prepared Retirement Institute LLC acquired a new position in Capital One Financial in the second quarter worth about $410,000. New Covenant Trust Company N.A. bought a new position in Capital One Financial during the second quarter worth about $295,000. Covenant Asset Management LLC boosted its holdings in Capital One Financial by 3.6% during the second quarter. Covenant Asset Management LLC now owns 24,653 shares of the financial services provider's stock valued at $5,245,000 after purchasing an additional 846 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its stake in shares of Capital One Financial by 68.9% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 1,920 shares of the financial services provider's stock valued at $408,000 after purchasing an additional 783 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Performance

Shares of COF stock opened at $223.97 on Monday. The stock has a 50-day moving average of $219.28 and a 200-day moving average of $199.78. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $143.23 billion, a PE ratio of 114.86, a price-to-earnings-growth ratio of 0.86 and a beta of 1.17. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates 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 period in the prior year, the business earned $3.14 EPS. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $0.60 dividend. 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 dividend payout ratio is 123.08%.

Analyst Ratings Changes

Several analysts recently commented on COF shares. Wells Fargo & Company boosted their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $241.06.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction 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 sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the transaction, the chief accounting officer 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 position. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 over the last three months. 1.26% of the stock is currently owned by insiders.

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.

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