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Taylor Hoffman Capital Management LLC Makes New $274,000 Investment in Capital One Financial Corporation (NYSE:COF)

Capital One Financial logo with Finance background

Key Points

  • Taylor Hoffman Capital Management LLC acquired 1,540 shares of Capital One Financial, valued at approximately $274,000, during the first quarter of the year.
  • Capital One recently announced a quarterly dividend of $0.60 per share, set to be paid on September 2nd, and has a dividend yield of 1.2%.
  • Analysts project Capital One Financial will post an earnings per share (EPS) of 15.65 for the current year, reflecting significant growth expectations from various research firms.
  • Looking to export and analyze Capital One Financial data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Taylor Hoffman Capital Management LLC acquired a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,540 shares of the financial services provider's stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COF. Beacon Capital Management LLC grew its stake in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares in the last quarter. Bogart Wealth LLC lifted its holdings in Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after buying an additional 243 shares during the period. Motco lifted its holdings in Capital One Financial by 115.1% during the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after buying an additional 137 shares during the period. Rossby Financial LCC purchased a new stake in shares of Capital One Financial during the 1st quarter valued at $48,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Capital One Financial during the 1st quarter valued at $54,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the sale, the chief accounting officer owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction that occurred 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 owned 27,364 shares of the company's stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,091 shares of company stock valued at $4,188,454 in the last ninety days. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Performance

COF traded down $5.00 during midday trading on Friday, hitting $215.48. 4,462,165 shares of the company were exchanged, compared to its average volume of 4,467,065. Capital One Financial Corporation has a 1-year low of $131.55 and a 1-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 $137.80 billion, a price-to-earnings ratio of 110.50, a price-to-earnings-growth ratio of 0.84 and a beta of 1.16. The company's 50 day simple moving average is $210.82 and its 200 day simple moving average is $193.64.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm 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 firm posted $3.14 earnings per share. The company's quarterly revenue was up 31.4% on a year-over-year basis. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be 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 is Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on COF shares. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Barclays reiterated an "overweight" rating and set a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Bank of America increased their price objective on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Truist Financial increased their price objective on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a report on Monday, July 28th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $238.81.

View Our Latest Research Report on Capital One Financial

Capital One Financial Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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