Oppenheimer & Co. Inc. Has $3.85 Million Holdings in Capital One Financial Co. (NYSE:COF)

Oppenheimer & Co. Inc. boosted its position in shares of Capital One Financial Co. (NYSE:COF) by 38.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,769 shares of the financial services provider’s stock after buying an additional 7,780 shares during the period. Oppenheimer & Co. Inc.’s holdings in Capital One Financial were worth $3,845,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in COF. Vest Financial LLC boosted its holdings in shares of Capital One Financial by 24.3% in the 2nd quarter. Vest Financial LLC now owns 160,754 shares of the financial services provider’s stock valued at $22,256,000 after purchasing an additional 31,400 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Capital One Financial during the 2nd quarter worth $28,000. Forsta AP Fonden boosted its stake in Capital One Financial by 16.3% in the second quarter. Forsta AP Fonden now owns 82,600 shares of the financial services provider’s stock valued at $11,436,000 after buying an additional 11,600 shares in the last quarter. Qsemble Capital Management LP bought a new position in Capital One Financial in the second quarter valued at about $557,000. Finally, Linscomb Wealth Inc. raised its stake in Capital One Financial by 1.4% during the second quarter. Linscomb Wealth Inc. now owns 26,943 shares of the financial services provider’s stock worth $3,730,000 after acquiring an additional 373 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Price Performance

Shares of NYSE COF opened at $138.97 on Friday. 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 capitalization of $53.07 billion, a PE ratio of 10.88, a P/E/G ratio of 1.08 and a beta of 1.44. The firm has a fifty day simple moving average of $141.56 and a 200 day simple moving average of $140.54. Capital One Financial Co. has a twelve month low of $88.23 and a twelve month high of $153.35.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results 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 business had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.52 earnings per share. On average, sell-side analysts forecast that Capital One Financial Co. will post 13.1 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.60 per share. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.73%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on COF shares. JPMorgan Chase & Co. raised their price target 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. Evercore ISI decreased their target price 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. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. BTIG Research began coverage on Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $145.89.

Insider Activity

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