Vision Capital Management Inc. Purchases Shares of 12,144 Capital One Financial Corporation $COF

Key Points

• Vision Capital Management Inc. acquired 12,144 shares of Capital One Financial Corporation, valued at approximately $2.58 million, highlighting growing interest in the financial services sector.
• Capital One Financial reported a significant earnings beat with an EPS of $5.48, surpassing analysts' expectations of $1.93, while also experiencing a 31.4% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.60 per share, reflecting a dividend payout ratio of 123.08%, signaling commitment to returning capital to shareholders despite the high payout ratio.

Vision Capital Management Inc. purchased a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,144 shares of the financial services provider's stock, valued at approximately $2,584,000.

Several other hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after purchasing an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Capital One Financial by 105.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after buying an additional 394 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Capital One Financial by 15.3% in 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 acquiring an additional 1,312 shares during the period. Mutual Advisors LLC acquired a new stake in Capital One Financial during the 1st quarter worth about $215,000. Finally, Janney Montgomery Scott LLC lifted its position in Capital One Financial by 9.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 98,617 shares of the financial services provider's stock worth $17,682,000 after acquiring an additional 8,651 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Down 0.9%

COF opened at $222.42 on Friday. The company has a fifty day moving average of $219.17 and a two-hundred day moving average of $198.94. The stock has a market capitalization of $142.24 billion, a price-to-earnings ratio of 114.06, a PEG ratio of 0.86 and a beta of 1.17. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. Capital One Financial's revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the business earned $3.14 earnings per share. On average, research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date 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%.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,298 shares of company stock worth $4,679,844. Corporate insiders own 1.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on COF. Barclays reissued an "overweight" rating and issued a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Wells Fargo & Company increased their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Citigroup increased their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $239.44.

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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