SPC Financial Inc. Takes $288,000 Position in Capital One Financial Corporation $COF

Key Points

• SPC Financial Inc. acquired a stake in Capital One Financial Corporation, purchasing 1,355 shares valued at approximately $288,000 during the second quarter.
• Capital One reported a significant earnings per share of $5.48 for the last quarter, surpassing analysts' expectations and showing a 31.4% increase in revenue compared to the same period last year.
• Several analysts raised their price targets for Capital One, with Truist Financial increasing theirs to $270.00, reflecting a strong outlook among market experts.

SPC Financial Inc. acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,355 shares of the financial services provider's stock, valued at approximately $288,000.

Several other hedge funds also recently modified their holdings of COF. WPG Advisers LLC bought a new stake in shares of Capital One Financial in the 1st quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC increased its stake in Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 101 shares in the last quarter. Saudi Central Bank bought a new stake in Capital One Financial during the 1st quarter valued at $27,000. Finally, RMG Wealth Management LLC bought a new stake in Capital One Financial during the 2nd quarter valued at $27,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

COF opened at $202.37 on Monday. 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 company has a market capitalization of $129.42 billion, a price-to-earnings ratio of 103.78, a P/E/G ratio of 0.74 and a beta of 1.18. The firm's fifty day moving average price is $219.02 and its two-hundred day moving average price is $202.43. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45.

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 for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. Capital One Financial's quarterly revenue was up 31.4% compared to the same quarter last year. During the same period last year, the firm posted $3.14 earnings per share. As a group, analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.2%. Capital One Financial's dividend payout ratio is 123.08%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Truist Financial boosted their price target 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. Morgan Stanley boosted their price target on shares of Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a research note on Monday, September 29th. HSBC set a $218.00 price target on shares of Capital One Financial and gave the company a "hold" rating in a research note on Friday. Royal Bank Of Canada boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Finally, 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 research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $252.78.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock valued at $5,103,824 in the last three months. 1.26% of the stock is owned by company 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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