Tran Capital Management L.P. Invests $13.11 Million in Capital One Financial Corporation $COF

Key Points

• Tran Capital Management L.P. has invested approximately $13.11 million in Capital One Financial Corporation, acquiring 61,627 shares in the second quarter.
• Capital One Financial announced a quarterly dividend of $0.60 per share, representing an annualized yield of 1.1%, despite a dividend payout ratio of 123.08%.
• Capital One's recent earnings report revealed earnings per share of $5.48, significantly beating estimates, while quarterly revenue increased by 31.4% year-over-year.

Tran Capital Management L.P. bought a new position in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 61,627 shares of the financial services provider's stock, valued at approximately $13,112,000. Capital One Financial makes up 1.5% of Tran Capital Management L.P.'s portfolio, making the stock its 23rd biggest holding.

Several other institutional investors have also recently made changes to their positions in COF. WPG Advisers LLC bought a new position in Capital One Financial during the first quarter valued at about $25,000. Saudi Central Bank bought a new position in Capital One Financial during the first quarter valued at about $27,000. Beacon Capital Management LLC grew 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 valued at $32,000 after buying an additional 97 shares during the period. Physician Wealth Advisors Inc. grew its position in Capital One Financial by 1,200.0% during the second quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider's stock valued at $33,000 after buying an additional 144 shares during the period. Finally, Nova Wealth Management Inc. grew its position in Capital One Financial by 629.6% during the second quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock valued at $42,000 after buying an additional 170 shares during the period. Institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Down 0.7%

COF stock opened at $228.13 on Friday. The company has a market capitalization of $145.89 billion, a price-to-earnings ratio of 116.99, a PEG ratio of 0.88 and a beta of 1.17. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The business has a 50 day simple moving average of $218.68 and a two-hundred day simple moving average of $197.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

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

Capital One Financial Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on COF. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Barclays reissued an "overweight" rating and issued a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of 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 equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $239.44.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 in the last three months. 1.26% of the stock is owned by company insiders.

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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