Thompson Davis & CO. Inc. Makes New Investment in Capital One Financial Corporation (NYSE:COF)

Key Points

• Thompson Davis & CO. Inc. invested approximately $453,000 in Capital One Financial by purchasing 2,524 shares during the first quarter.
• Recent reports from multiple analysts have upgraded Capital One Financial, with price targets ranging from $240.00 to $260.00 and a consensus rating of "Moderate Buy."
• Capital One Financial announced a quarterly dividend of $0.60, representing an annualized yield of 1.1%, while insiders have sold shares, reducing their positions by notable percentages.

Thompson Davis & CO. Inc. purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,524 shares of the financial services provider's stock, valued at approximately $453,000.

A number of other large investors have also recently bought and sold shares of the company. Lone Pine Capital LLC acquired a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $577,012,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Capital One Financial in the 1st quarter valued at approximately $381,848,000. Meritage Group LP acquired a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $227,662,000. Bank of New York Mellon Corp boosted its holdings in shares of Capital One Financial by 23.7% in 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 last quarter. Finally, Third Point LLC acquired a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $164,946,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Royal Bank Of Canada raised their price target on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Truist Financial increased their price objective on Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Finally, Keefe, Bruyette & Woods raised their price target on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.81.

Capital One Financial Trading Up 1.9%

NYSE COF opened at $221.08 on Friday. The company has a market cap of $141.38 billion, a price-to-earnings ratio of 113.37, a P/E/G ratio of 0.84 and a beta of 1.16. Capital One Financial Corporation has a 52 week low of $131.55 and a 52 week high of $232.45. The business has a 50 day moving average price of $210.82 and a 200-day moving average price of $193.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

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 the consensus estimate 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. During the same quarter in the prior year, the firm earned $3.14 EPS. The company's revenue was up 31.4% compared to the same quarter last year. As a group, equities analysts expect 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 will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a $0.60 dividend. 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 payout ratio is currently 123.08%.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company's stock, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,091 shares of company stock valued at $4,188,454. Insiders own 1.26% of the company's stock.

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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