7,340 Shares in Capital One Financial Corporation $COF Acquired by 111 Capital

111 Capital bought a new position in Capital One Financial Corporation (NYSE:COF) during the second quarter, HoldingsChannel.com reports. The fund bought 7,340 shares of the financial services provider’s stock, valued at approximately $1,562,000.

Several other institutional investors and hedge funds have also made changes to their positions in COF. QRG Capital Management Inc. grew its holdings in shares of Capital One Financial by 0.9% in the second quarter. QRG Capital Management Inc. now owns 120,920 shares of the financial services provider’s stock worth $25,727,000 after purchasing an additional 1,093 shares during the last quarter. Segment Wealth Management LLC purchased a new position in shares of Capital One Financial during the second quarter worth approximately $1,220,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Capital One Financial during the second quarter valued at approximately $157,968,000. Jackson Wealth Management LLC bought a new position in Capital One Financial in the second quarter worth approximately $517,000. Finally, Franklin Street Advisors Inc. NC bought a new stake in Capital One Financial during the 2nd quarter valued at $241,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Trading Up 0.3%

Shares of NYSE:COF opened at $214.39 on Friday. The business’s 50-day moving average is $219.30 and its 200 day moving average is $200.97. 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 Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The firm has a market capitalization of $137.10 billion, a P/E ratio of 109.94, a P/E/G ratio of 0.81 and a beta of 1.18.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm posted $3.14 EPS. Capital One Financial’s revenue was up 31.4% on a year-over-year basis. On average, research analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. 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 payout ratio is currently 123.08%.

Analyst Ratings Changes

Several equities analysts have recently commented on COF shares. JPMorgan Chase & Co. raised their price target on Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price objective 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. Wells Fargo & Company increased 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. TD Cowen raised Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Royal Bank Of Canada upped their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.06.

Insider Activity at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the firm’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 completion of the transaction, the insider owned 27,364 shares of the company’s stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is owned by company insiders.

Capital One Financial 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.