Uptick Partners LLC Takes $361,000 Position in Capital One Financial Corporation $COF

Key Points

• Uptick Partners LLC has taken a new position in Capital One Financial Corporation, purchasing 1,697 shares valued at approximately $361,000 during Q2.
• Multiple institutional investors have increased their stakes in Capital One Financial, with 89.84% of the stock now owned by such entities.
• Recent analyst upgrades have boosted Capital One's target prices, with Barclays raising it from $253.00 to $257.00 and Morgan Stanley from $261.00 to $267.00.

Uptick Partners LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,697 shares of the financial services provider's stock, valued at approximately $361,000.

A number of other institutional investors have also recently added to or reduced their stakes in COF. WPG Advisers LLC bought a new stake in shares of Capital One Financial in the 1st quarter worth $25,000. Moisand Fitzgerald Tamayo LLC grew its holdings in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after acquiring an additional 62 shares during the period. Olistico Wealth LLC raised its position in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after acquiring an additional 101 shares in the last quarter. Saudi Central Bank acquired a new stake in Capital One Financial in the 1st quarter valued at about $27,000. Finally, RMG Wealth Management LLC bought a new position in shares of Capital One Financial during the 2nd quarter valued at about $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on 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 completion of the sale, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction dated 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 owned 98,486 shares in the company, valued at $20,878,047.14. This trade represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,298 shares of company stock worth $5,103,824. Corporate insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barclays boosted their target price on shares of Capital One Financial from $253.00 to $257.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Royal Bank Of Canada upped 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 raised their price objective on Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. Robert W. Baird boosted their target price on Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a research report on Thursday, October 2nd. Finally, Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $252.78.

Capital One Financial Trading Up 3.1%

Shares of NYSE COF opened at $214.08 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The business has a 50-day moving average price of $219.00 and a two-hundred day moving average price of $202.75. The firm has a market capitalization of $136.91 billion, a PE ratio of 109.78, a PEG ratio of 0.76 and a beta of 1.18.

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 for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.14 EPS. As a group, analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal 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 paid 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 dividend yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

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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