Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Capital One Financial Corp. (NYSE:COF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,921 shares of the financial services provider’s stock, valued at approximately $4,680,000.
Other large investors have also recently made changes to their positions in the company. TLP Group LLC bought a new position in Capital One Financial in the first quarter worth approximately $103,000. Well Done LLC bought a new position in Capital One Financial in the first quarter worth approximately $106,000. Bedel Financial Consulting Inc. bought a new position in Capital One Financial in the first quarter worth approximately $107,000. Integrated Investment Consultants LLC bought a new position in Capital One Financial in the second quarter worth approximately $108,000. Finally, Kaizen Advisory LLC boosted its holdings in Capital One Financial by 161.0% in the second quarter. Kaizen Advisory LLC now owns 1,198 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 739 shares in the last quarter. Institutional investors and hedge funds own 90.16% of the company’s stock.
Capital One Financial opened at $97.62 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $46.56 billion, a PE ratio of 12.53, a P/E/G ratio of 0.83 and a beta of 1.30. Capital One Financial Corp. has a twelve month low of $76.98 and a twelve month high of $106.50.
Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, July 19th. The financial services provider reported $3.22 EPS for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.59. The company had revenue of $7.19 billion during the quarter, compared to the consensus estimate of $6.95 billion. Capital One Financial had a return on equity of 10.44% and a net margin of 10.73%. Capital One Financial’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $1.96 earnings per share. equities research analysts anticipate that Capital One Financial Corp. will post 11.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 16th. Investors of record on Monday, August 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, August 3rd. Capital One Financial’s payout ratio is 20.54%.
Several research analysts have issued reports on the company. Credit Suisse Group upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $110.00 to $120.00 in a report on Monday, July 2nd. Piper Jaffray Companies upgraded Capital One Financial from a “neutral” rating to an “overweight” rating in a report on Thursday, June 14th. UBS Group dropped their target price on Capital One Financial from $116.00 to $113.00 and set a “buy” rating on the stock in a report on Tuesday. Morgan Stanley raised their target price on Capital One Financial from $104.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, July 20th. Finally, Oppenheimer set a $116.00 target price on Capital One Financial and gave the company a “buy” rating in a report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $110.90.
In related news, Director Bradford H. Warner sold 4,229 shares of the stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $92.55, for a total transaction of $391,393.95. Following the completion of the sale, the director now directly owns 56,221 shares of the company’s stock, valued at $5,203,253.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy P. Golden sold 4,073 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $95.85, for a total value of $390,397.05. The disclosure for this sale can be found here. Insiders have sold 311,511 shares of company stock valued at $30,857,592 over the last ninety days. 1.73% of the stock is currently owned by company insiders.
Capital One Financial Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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