Walker Asset Management LLC Invests $450,000 in Capital One Financial Corporation $COF

Key Points

• Walker Asset Management LLC invested $450,000 in Capital One Financial Corporation during Q2, acquiring 2,114 shares of the company.
• Capital One's recent earnings report showed an EPS of $5.48, significantly exceeding analyst expectations by $3.55, with year-over-year revenue growth of 31.4%.
• Insider selling activity included General Counsel Matthew W. Cooper selling 2,000 shares for $446,800, marking a 1.95% decrease in his ownership position.

Walker Asset Management LLC purchased a new position in Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,114 shares of the financial services provider's stock, valued at approximately $450,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC boosted its holdings in Capital One Financial by 103.3% in 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. Signature Resources Capital Management LLC acquired a new position in Capital One Financial in the 2nd quarter valued at about $28,000. WPG Advisers LLC acquired a new position in Capital One Financial in the 1st quarter valued at about $25,000. Saudi Central Bank acquired a new position in Capital One Financial in the 1st quarter valued at about $27,000. Finally, Physician Wealth Advisors Inc. boosted its holdings in Capital One Financial by 1,200.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 144 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the sale, the general counsel directly owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Price Performance

Shares of COF opened at $223.97 on Monday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The firm's 50 day moving average price is $219.28 and its 200 day moving average price is $199.78. The company has a market cap of $143.23 billion, a P/E ratio of 114.86, a PEG ratio of 0.86 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last announced its 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 business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same period in the previous year, the company earned $3.14 earnings per share. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. On average, 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 disclosed 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 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio is currently 123.08%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on COF shares. Royal Bank Of Canada boosted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Truist Financial boosted their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Barclays reissued an "overweight" rating and issued a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Citigroup boosted their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Three equities research 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.