Capital One Financial Co. (NYSE:COF) Shares Bought by Ascent Group LLC

Ascent Group LLC increased its position in shares of Capital One Financial Co. (NYSE:COF) by 24.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,900 shares of the financial services provider’s stock after purchasing an additional 3,717 shares during the period. Ascent Group LLC’s holdings in Capital One Financial were worth $2,617,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC lifted its holdings in Capital One Financial by 3.7% in the second quarter. Kathmere Capital Management LLC now owns 3,066 shares of the financial services provider’s stock valued at $424,000 after acquiring an additional 109 shares during the period. Scientech Research LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at about $228,000. Legal & General Group Plc boosted its holdings in Capital One Financial by 2.5% during the second quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider’s stock worth $461,204,000 after buying an additional 79,908 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in Capital One Financial during the second quarter worth about $4,212,000. Finally, Mackenzie Financial Corp increased its holdings in Capital One Financial by 21.7% in the second quarter. Mackenzie Financial Corp now owns 414,562 shares of the financial services provider’s stock valued at $57,396,000 after buying an additional 74,030 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Capital One Financial stock opened at $149.09 on Monday. The stock has a fifty day moving average price of $142.60 and a 200 day moving average price of $141.27. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $154.18. The firm has a market capitalization of $56.68 billion, a P/E ratio of 11.68, a PEG ratio of 1.21 and a beta of 1.44.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the company earned $3.52 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Equities 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.61%. Capital One Financial’s dividend payout ratio is presently 18.79%.

Wall Street Analysts Forecast Growth

COF has been the topic of several research analyst reports. BTIG Research started coverage on Capital One Financial in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Bank of America raised their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. Citigroup initiated coverage on shares of Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective on the stock. Finally, Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $147.21.

Insider Transactions at Capital One Financial

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. 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.