Vident Advisory LLC Grows Position in Capital One Financial Corporation $COF

Key Points

• Vident Advisory LLC increased its stake in Capital One Financial by 53.8%, now owning 8,090 shares worth approximately $1.45 million following the purchase of an additional 2,829 shares.
• Capital One Financial reported earnings of $5.48 per share for the previous quarter, significantly exceeding expectations, and saw a 31.4% year-over-year increase in revenue.
• The company declared a quarterly dividend of $0.60 per share, giving it a 1.1% dividend yield and indicating a relatively high dividend payout ratio of 123.08%.

Vident Advisory LLC raised its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 53.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,090 shares of the financial services provider's stock after purchasing an additional 2,829 shares during the quarter. Vident Advisory LLC's holdings in Capital One Financial were worth $1,451,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COF. Diamond Hill Capital Management Inc. bought a new stake in Capital One Financial in the first quarter valued at approximately $381,848,000. Bank of New York Mellon Corp lifted its position in Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after purchasing an additional 950,415 shares during the last quarter. Nuveen LLC bought a new position in shares of Capital One Financial during the first quarter valued at approximately $141,599,000. PointState Capital LP bought a new position in shares of Capital One Financial during the fourth quarter valued at approximately $139,997,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Capital One Financial by 31.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,222,533 shares of the financial services provider's stock valued at $574,642,000 after acquiring an additional 765,292 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 approximately $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 in the last three months. Company insiders own 1.26% of the company's stock.

Analyst Ratings Changes

COF has been the subject of a number of recent analyst reports. Rothschild & Co Redburn initiated coverage on Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 target price for the company. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America upped their target price on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Royal Bank Of Canada upped their target price 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. Finally, Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $238.81.

Capital One Financial Stock Down 2.0%

COF stock traded down $4.60 during midday trading on Friday, hitting $221.72. The stock had a trading volume of 3,840,767 shares, compared to its average volume of 2,985,290. The firm has a market cap of $141.79 billion, a price-to-earnings ratio of 113.70, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. The business has a 50-day moving average of $217.39 and a two-hundred day moving average of $195.67. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last issued 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 firm had revenue of $12.49 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $3.14 earnings per share. As a group, equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company 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. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio is presently 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.