Texas Capital Bank Wealth Management Services Inc Invests $318,000 in Capital One Financial Corporation $COF

Key Points

• Texas Capital Bank Wealth Management Services Inc has invested approximately $318,000 in Capital One Financial Corporation, acquiring 1,775 shares of the financial services provider's stock.
• Recent analyst ratings show a positive outlook for Capital One, with TD Cowen upgrading to "buy" and raising the price target from $184 to $258.
• Capital One Financial reported a 31.4% year-over-year increase in revenue, with earnings per share of $5.48 exceeding consensus estimates by $3.55.

Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,775 shares of the financial services provider's stock, valued at approximately $318,000.

Other hedge funds also recently bought and sold shares of the company. Beacon Capital Management LLC boosted its position in Capital One Financial by 118.3% during 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. Motco boosted its position 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 purchasing an additional 137 shares in the last quarter. Bogart Wealth LLC lifted its position in shares of Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 243 shares in the last quarter. Rossby Financial LCC purchased a new position in shares of Capital One Financial in the first quarter valued at approximately $48,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of Capital One Financial in the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

Shares of NYSE:COF traded up $9.2070 during midday trading on Friday, hitting $221.2170. The company had a trading volume of 4,137,068 shares, compared to its average volume of 3,601,944. Capital One Financial Corporation has a twelve month low of $131.55 and a twelve month high of $232.45. 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 $141.47 billion, a price-to-earnings ratio of 113.45, a price-to-earnings-growth ratio of 0.86 and a beta of 1.16. The business's 50-day simple moving average is $212.93 and its 200-day simple moving average is $194.10.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same period in the prior year, the business posted $3.14 EPS. Capital One Financial's revenue for the quarter was up 31.4% compared to the same quarter last year. On average, research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

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 dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Rothschild & Co Redburn assumed coverage on Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 target price on the stock. Barclays restated an "overweight" rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company raised their target price on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their target price on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned 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 target price of $238.81.

Insiders Place Their Bets

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares of the company's stock, valued at $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,298 shares of company stock valued at $4,233,044 over the last quarter. 1.26% of the stock is owned by insiders.

Capital One Financial Company 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.