Turning Point Benefit Group Inc. Purchases New Shares in Capital One Financial Corporation $COF

Key Points

• Turning Point Benefit Group Inc. has acquired 1,154 shares of Capital One Financial Corporation (NYSE: COF), valued at approximately $246,000, marking a new investment position in the firm.
• Multiple large investors, such as Eagle Bay Advisors LLC and Atlantic Edge Private Wealth Management LLC, have also recently increased their stakes in Capital One, indicating strong institutional interest.
• Analysts remain optimistic about Capital One Financial, with several firms raising their price targets and maintaining a consensus rating of "Moderate Buy" for the stock.

Turning Point Benefit Group Inc. acquired a new position in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,154 shares of the financial services provider's stock, valued at approximately $246,000.

Several other large investors have also recently modified their holdings of the stock. Eagle Bay Advisors LLC boosted its stake in Capital One Financial by 3.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider's stock valued at $299,000 after purchasing an additional 49 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its holdings in Capital One Financial by 0.3% during the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider's stock valued at $3,532,000 after purchasing an additional 50 shares during the period. Atlantic Edge Private Wealth Management LLC increased its position in Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider's stock worth $27,000 after buying an additional 50 shares in the last quarter. TFB Advisors LLC raised its stake in shares of Capital One Financial by 3.4% in the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock worth $276,000 after buying an additional 51 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Capital One Financial by 0.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock valued at $1,097,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares of the company's stock, valued at $20,878,047.14. This trade represents a 1.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael Zamsky sold 5,515 shares of the company'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 value of $1,155,888.85. Following the sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,184 shares of company stock worth $2,799,248. Insiders own 1.26% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on COF shares. BTIG Research reaffirmed a "buy" rating and set a $264.00 price target on shares of Capital One Financial in a report on Wednesday. Wolfe Research increased their price target on Capital One Financial from $260.00 to $262.00 and gave the stock an "outperform" rating in a research note on Wednesday. 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. Morgan Stanley upped their price objective on Capital One Financial from $267.00 to $272.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their target price on Capital One Financial from $266.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $259.16.

Capital One Financial Stock Up 0.4%

COF opened at $221.22 on Thursday. The company has a market capitalization of $141.47 billion, a PE ratio of 93.14, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The firm has a 50-day simple moving average of $219.21 and a two-hundred day simple moving average of $204.30. 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 Corporation has a 52 week low of $143.22 and a 52 week high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $1.70. The firm had revenue of $15.36 billion for the quarter, compared to analysts' expectations of $15.06 billion. Capital One Financial had a return on equity of 12.18% and a net margin of 2.24%.The business's revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.51 earnings per share. Analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

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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