Sunpointe LLC Acquires Shares of 8,867 Capital One Financial Corporation $COF

Key Points

• Sunpointe LLC invested approximately $1.89 million in Capital One Financial, acquiring 8,867 shares during the second quarter of the year.
• Capital One Financial reported an earnings per share (EPS) of $5.48 for the last quarter, significantly surpassing analysts' estimates of $1.93.
• The company recently announced a quarterly dividend of $0.60 per share, yielding 1.1% with a payout ratio of 123.08%.

Sunpointe LLC bought a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,867 shares of the financial services provider's stock, valued at approximately $1,887,000.

A number of other institutional investors and hedge funds have also modified their holdings of COF. Diamond Hill Capital Management Inc. bought a new stake in shares of Capital One Financial in the 1st quarter worth $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Capital One Financial by 45.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock valued at $838,609,000 after buying an additional 1,454,595 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after buying an additional 950,415 shares during the period. Nuveen LLC bought a new position in shares of Capital One Financial during the 1st quarter valued at $141,599,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Capital One Financial by 31.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,222,533 shares of the financial services provider's stock valued at $574,642,000 after buying an additional 765,292 shares during the period. Institutional investors own 89.84% of the company's stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated 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 approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock valued at $4,679,844 over the last quarter. 1.26% of the stock is owned by insiders.

Capital One Financial Price Performance

Shares of COF stock traded down $1.61 during mid-day trading on Friday, hitting $228.13. 4,825,233 shares of the stock were exchanged, compared to its average volume of 4,272,877. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $218.52 and a 200 day moving average of $197.29. The company has a market cap of $145.89 billion, a PE ratio of 116.99, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the previous year, the company posted $3.14 EPS. The firm's revenue was up 31.4% on a year-over-year basis. Research analysts anticipate 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. 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 was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Analyst Ratings Changes

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

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.