Stolper Co Takes $10.80 Million Position in Capital One Financial Corporation $COF

Key Points

• Stolper Co invested approximately $10.80 million in Capital One Financial, purchasing 50,741 shares, which now represent about 3.5% of their total holdings.
• Several institutional investors have recently altered their stakes in Capital One, with a significant increase in holdings by NOVA Wealth Management by 629.6% in the second quarter.
• Wall Street analysts' ratings for Capital One vary, with three analysts rating it as a "Strong Buy" and others varying between "Buy" and "Hold," reflecting a generally positive outlook on the stock.

Stolper Co acquired a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 50,741 shares of the financial services provider's stock, valued at approximately $10,796,000. Capital One Financial comprises about 3.5% of Stolper Co's investment portfolio, making the stock its 4th largest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Kozak & Associates Inc. lifted its stake in Capital One Financial by 3,424.7% in the 2nd quarter. Kozak & Associates Inc. now owns 2,714 shares of the financial services provider's stock valued at $592,000 after purchasing an additional 2,637 shares during the last quarter. Charter Oak Capital Management LLC bought a new position in Capital One Financial during the second quarter worth $318,000. Trust Point Inc. bought a new position in Capital One Financial during the second quarter worth $414,000. Burns J W & Co. Inc. NY bought a new position in Capital One Financial during the second quarter worth $2,042,000. Finally, YHB Investment Advisors Inc. grew its holdings in Capital One Financial by 8.5% in the second quarter. YHB Investment Advisors Inc. now owns 16,829 shares of the financial services provider's stock worth $3,581,000 after purchasing an additional 1,320 shares during the period. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of NYSE COF traded down $1.61 during midday trading on Friday, hitting $228.13. The company's stock had a trading volume of 4,825,233 shares, compared to its average volume of 2,808,706. The stock has a fifty day moving average price of $218.68 and a 200 day moving average price of $197.67. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $145.89 billion, a price-to-earnings ratio of 116.99, a P/E/G ratio of 0.88 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last posted its 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 firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The business's revenue was up 31.4% on a year-over-year basis. During the same period last year, the company posted $3.14 EPS. On average, research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's payout ratio is currently 123.08%.

Analyst Ratings Changes

A number of research firms have commented on COF. Wells Fargo & Company raised their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. JPMorgan Chase & Co. raised their price target on shares of 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 cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Three equities research 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's stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

Insider Buying and Selling at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the company'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 completion of the sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel owned 100,486 shares of the company's stock, valued at $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock worth $4,679,844 over the last 90 days. Company insiders own 1.26% of the company's stock.

About Capital One Financial

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.