Turtle Creek Wealth Advisors LLC Purchases Shares of 2,285 Capital One Financial Corporation $COF

Key Points

• Turtle Creek Wealth Advisors LLC has acquired 2,285 shares of Capital One Financial Corporation for approximately $486,000 in the second quarter.
• Capital One reported earnings of $5.48 per share, exceeding expectations, while revenue for the quarter reached $12.49 billion, marking a year-over-year increase of 31.4%.
• The company recently declared a quarterly dividend of $0.60, resulting in an annualized yield of 1.2%, despite a dividend payout ratio of 123.08%.

Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,285 shares of the financial services provider's stock, valued at approximately $486,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC raised its position in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 62 shares during the last quarter. Olistico Wealth LLC raised its position in Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. RMG Wealth Management LLC bought a new position in Capital One Financial during the 2nd quarter valued at approximately $27,000. Signature Resources Capital Management LLC bought a new position in Capital One Financial during the 2nd quarter valued at approximately $28,000. Finally, WPG Advisers LLC bought a new position in Capital One Financial during the 1st quarter valued at approximately $25,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Performance

Capital One Financial stock opened at $203.04 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $129.85 billion, a P/E ratio of 104.12, a PEG ratio of 0.78 and a beta of 1.18. The stock's 50 day moving average is $218.95 and its 200 day moving average is $203.00. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45.

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 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. The business's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.14 EPS. On average, equities research 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 business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. Capital One Financial's dividend payout ratio is presently 123.08%.

Insider Buying and Selling

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer owned 8,780 shares in the company, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COF. Barclays increased their target price on Capital One Financial from $253.00 to $257.00 and gave the stock an "overweight" rating in a research report on Monday, October 6th. HSBC set a $218.00 target price on Capital One Financial and gave the stock a "hold" rating in a research report on Friday, October 10th. JPMorgan Chase & Co. decreased their target price on Capital One Financial from $248.00 to $235.00 and set a "neutral" rating for the company in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft increased their target price on Capital One Financial from $215.00 to $224.00 and gave the stock a "hold" rating in a research report on Thursday, October 2nd. Finally, Wells Fargo & Company increased their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $252.78.

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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