Trifecta Capital Advisors LLC Purchases 3,210 Shares of Capital One Financial Corporation $COF

Key Points

• Trifecta Capital Advisors LLC significantly increased its holdings in Capital One Financial Corporation by 5,440.7% during Q2, acquiring 3,210 additional shares, bringing their total to 3,269 shares valued at approximately $696,000.
• Capital One reported earnings of $5.48 per share in its latest quarter, beating expectations of $1.93, with revenues reaching $12.49 billion, up 31.4% year-over-year.
• The company recently declared a quarterly dividend of $0.60 per share, resulting in an annual yield of 1.1%, although its dividend payout ratio stands at a high 123.08%.

Trifecta Capital Advisors LLC lifted its position in Capital One Financial Corporation (NYSE:COF) by 5,440.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,269 shares of the financial services provider's stock after buying an additional 3,210 shares during the period. Trifecta Capital Advisors LLC's holdings in Capital One Financial were worth $696,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Capital One Financial by 18.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after buying an additional 9,374 shares in the last quarter. Plancorp LLC bought a new stake in shares of Capital One Financial in the 2nd quarter valued at $272,000. Creative Financial Designs Inc. ADV increased its holdings in Capital One Financial by 105.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after purchasing an additional 394 shares in the last quarter. Private Advisor Group LLC increased its holdings in Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Mutual Advisors LLC bought a new position in Capital One Financial during the 1st quarter worth about $215,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Down 0.9%

Shares of NYSE:COF opened at $211.79 on Thursday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a market capitalization of $135.44 billion, a P/E ratio of 108.61, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. The company has a 50-day simple moving average of $219.22 and a 200 day simple moving average of $201.77. 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 issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating 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 last year, the business posted $3.14 earnings per share. The company's revenue for the quarter was up 31.4% on a year-over-year basis. Sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was 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

COF has been the subject of a number of research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Capital One Financial in a report on Wednesday. Truist Financial raised their price objective on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday, September 12th. Robert W. Baird raised their price objective on Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a report on Thursday, October 2nd. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, Morgan Stanley raised their price objective on Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.44.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the firm's 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 directly owned 27,364 shares in the company, 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 legal filing with the SEC, which is available at this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the sale, the chief accounting officer owned 8,780 shares of the company's stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is currently 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.

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