Thurston Springer Miller Herd & Titak Inc. Boosts Holdings in Capital One Financial Corporation $COF

Key Points

• Thurston Springer Miller Herd & Titak Inc. has increased its stake in Capital One Financial Corporation by 16.2% during the second quarter, owning 9,234 shares valued at approximately $1.97 million.
• Capital One reported $5.48 EPS for the last quarter, exceeding analysts' expectations of $1.93, while its revenue reached $12.49 billion, up 31.4% year-over-year.
• The company has a quarterly dividend of $0.60, with a current annualized yield of 1.1% and a payout ratio of 123.08%.

Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 16.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,234 shares of the financial services provider's stock after buying an additional 1,288 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Capital One Financial were worth $1,965,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Capital One Financial by 1.6% during the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock worth $5,782,590,000 after purchasing an additional 506,105 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Capital One Financial by 23.7% in the first 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 acquiring an additional 950,415 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock valued at $854,647,000 after acquiring an additional 734,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Capital One Financial by 45.1% in the first 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 acquiring an additional 1,454,595 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Capital One Financial by 13.3% in the first quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock valued at $836,523,000 after acquiring an additional 548,052 shares during the period. Institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Down 0.3%

COF stock opened at $223.59 on Friday. The company has a market capitalization of $142.99 billion, a PE ratio of 114.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a one year low of $137.64 and a one year high of $232.45. The company's 50 day moving average price is $217.89 and its two-hundred day moving average price is $196.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

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, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The company's revenue was up 31.4% compared to the same quarter last year. During the same period last year, the business posted $3.14 earnings per share. As a group, analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently commented on COF shares. Keefe, Bruyette & Woods raised their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Truist Financial raised their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and raised their price objective for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Barclays restated an "overweight" rating and issued a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, Bank of America raised their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $239.44.

Insider Activity

In related news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the transaction, the general counsel directly owned 100,486 shares in the company, valued at approximately $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock valued at $4,679,844 in the last three months. Corporate 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.

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