Magnolia Capital Advisors LLC Invests $5.92 Million in Capital One Financial Co. (NYSE:COF)

Magnolia Capital Advisors LLC purchased a new stake in Capital One Financial Co. (NYSE:COF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 42,755 shares of the financial services provider’s stock, valued at approximately $5,919,000.

Other large investors have also made changes to their positions in the company. Gryphon Financial Partners LLC lifted its stake in Capital One Financial by 3.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,538 shares of the financial services provider’s stock valued at $464,000 after acquiring an additional 114 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Capital One Financial by 8.3% during the 4th quarter. TD Asset Management Inc now owns 136,643 shares of the financial services provider’s stock worth $17,917,000 after purchasing an additional 10,510 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Capital One Financial by 1.7% during the 4th quarter. Stifel Financial Corp now owns 211,358 shares of the financial services provider’s stock valued at $27,714,000 after purchasing an additional 3,613 shares in the last quarter. Fiduciary Trust Co acquired a new stake in shares of Capital One Financial in the 4th quarter valued at $277,000. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in Capital One Financial in the fourth quarter worth $248,000. Institutional investors own 89.84% of the company’s stock.

Insider Activity

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Capital One Financial Stock Up 0.9 %

COF stock opened at $149.09 on Friday. The business’s 50-day simple moving average is $142.60 and its 200 day simple moving average is $141.27. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The company has a market cap of $56.68 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. Capital One Financial Co. has a twelve month low of $88.23 and a twelve month high of $154.18.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The firm had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.52 earnings per share. On average, research analysts anticipate that Capital One Financial Co. will post 12.91 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Analyst Ratings Changes

COF has been the topic of several recent research reports. Citigroup began coverage on Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 target price on the stock. BTIG Research assumed coverage on Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating on the stock. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. JPMorgan Chase & Co. increased their price target on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Finally, Evercore ISI reduced their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $147.21.

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.