Capital One Financial Co. (NYSE:COF) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its position in shares of Capital One Financial Co. (NYSE:COF) by 20.0% during the second quarter, HoldingsChannel reports. The fund owned 2,421 shares of the financial services provider’s stock after acquiring an additional 404 shares during the quarter. Farther Finance Advisors LLC’s holdings in Capital One Financial were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in COF. LRI Investments LLC purchased a new stake in shares of Capital One Financial in the first quarter valued at about $25,000. Silicon Valley Capital Partners purchased a new stake in shares of Capital One Financial in the first quarter valued at about $25,000. Hobbs Group Advisors LLC purchased a new stake in shares of Capital One Financial in the second quarter valued at about $29,000. Rise Advisors LLC purchased a new stake in shares of Capital One Financial in the first quarter valued at about $33,000. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Capital One Financial in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 1.3 %

Capital One Financial stock opened at $143.77 on Thursday. The stock has a market cap of $54.66 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.16 and a beta of 1.45. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The company’s 50-day moving average price is $141.37 and its two-hundred day moving average price is $140.38. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $153.35.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). The company had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.52 EPS. On average, analysts expect that Capital One Financial Co. will post 13.1 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on COF shares. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. BTIG Research started coverage on shares of Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating for the company. Bank of America increased their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price objective on shares of Capital One Financial in a research note on Thursday, July 25th. 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 on the stock in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $145.89.

Insiders Place Their Bets

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

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.