United Services Automobile Association Invests $1.52 Million in Capital One Financial Corporation $COF

Key Points

• United Services Automobile Association invested approximately $1.52 million in Capital One Financial, acquiring 8,734 shares during the first quarter.
• Several brokerages have upgraded their ratings for Capital One Financial, with Wells Fargo raising its price target from $225 to $265 and giving an "overweight" rating.
• The company announced a quarterly dividend of $0.60 per share, reflecting a 1.1% yield, despite a dividend payout ratio of over 123%.

United Services Automobile Association acquired a new position in Capital One Financial Corporation (NYSE:COF) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,734 shares of the financial services provider's stock, valued at approximately $1,516,000.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings 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 worth $10,010,000 after purchasing an additional 9,374 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of Capital One Financial by 105.3% in 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 during the period. Private Advisor Group LLC raised its holdings in shares of 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 valued at $1,776,000 after buying an additional 1,312 shares during the period. Mutual Advisors LLC purchased a new stake in shares of Capital One Financial during the 1st quarter valued at about $215,000. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Capital One Financial during the 4th quarter valued at about $91,780,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COF. JPMorgan Chase & Co. raised their target price on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Wells Fargo & Company lifted their price objective on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Finally, Bank of America lifted their price objective on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Three 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $238.81.

Capital One Financial Stock Performance

COF stock opened at $221.72 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market cap of $141.79 billion, a P/E ratio of 113.70, a P/E/G ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month high of $232.45. The stock's 50 day simple moving average is $217.39 and its 200 day simple moving average is $195.60.

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 (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The business's revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.14 earnings per share. As a group, equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $0.60 dividend. The ex-dividend date of this dividend 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 currently 123.08%.

Insider Buying and Selling

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel directly owned 100,486 shares in the company, valued at $22,448,572.40. This represents 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 over the last three months. Corporate insiders own 1.26% of the company's stock.

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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