YHB Investment Advisors Inc. Acquires 1,320 Shares of Capital One Financial Corporation $COF

Key Points

• YHB Investment Advisors Inc. increased its stake in Capital One Financial by 8.5% during the second quarter, now holding 16,829 shares valued at $3.58 million.
• Capital One Financial reported a quarterly EPS of $5.48, significantly exceeding the consensus estimate of $1.93, with revenues of $12.49 billion.
• The company declared a quarterly dividend of $0.60 per share, representing an annual yield of 1.0%, despite having a payout ratio of over 123%.

YHB Investment Advisors Inc. boosted its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,829 shares of the financial services provider's stock after buying an additional 1,320 shares during the period. YHB Investment Advisors Inc.'s holdings in Capital One Financial were worth $3,581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COF. WPG Advisers LLC acquired a new stake in Capital One Financial in the first quarter valued at $25,000. Saudi Central Bank purchased a new stake in shares of Capital One Financial during the 1st quarter worth about $27,000. Beacon Capital Management LLC grew its holdings in shares of Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares during the period. Nova Wealth Management Inc. lifted its position in Capital One Financial by 629.6% during the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock worth $42,000 after acquiring an additional 170 shares in the last quarter. Finally, Family Legacy Financial Solutions LLC acquired a new position in Capital One Financial during the 2nd quarter worth approximately $42,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

COF traded down $1.61 during trading on Friday, hitting $228.13. The company's stock had a trading volume of 4,825,233 shares, compared to its average volume of 2,808,706. The firm's 50 day moving average price is $218.68 and its two-hundred day moving average price is $197.67. 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 Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The stock has a market capitalization of $145.89 billion, a price-to-earnings ratio of 116.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period last year, the firm earned $3.14 earnings per share. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. Sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 payout ratio is 123.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on COF shares. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Wells Fargo & Company upped their target price on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Truist Financial upped their target price on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, September 12th. JPMorgan Chase & Co. upped their target price on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and upped their target price for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $239.44.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at $1,891,299.80. The trade was a 2.30% 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, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the transaction, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. The trade was a 12.83% 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. 1.26% of the stock is currently owned by company insiders.

About Capital One Financial

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.