Vaughan Nelson Investment Management L.P. Makes New Investment in Capital One Financial Corporation $COF

Vaughan Nelson Investment Management L.P. purchased a new stake in Capital One Financial Corporation (NYSE:COF) during the second quarter, Holdings Channel.com reports. The firm purchased 742,471 shares of the financial services provider’s stock, valued at approximately $157,968,000. Capital One Financial comprises 1.5% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 15th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jackson Wealth Management LLC purchased a new position in Capital One Financial during the 2nd quarter worth $517,000. Franklin Street Advisors Inc. NC acquired a new stake in Capital One Financial during the 2nd quarter worth about $241,000. Stock Yards Bank & Trust Co. lifted its holdings in shares of Capital One Financial by 443.3% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 9,019 shares of the financial services provider’s stock valued at $1,919,000 after buying an additional 7,359 shares during the period. Ascent Group LLC lifted its holdings in shares of Capital One Financial by 9.5% in the 2nd quarter. Ascent Group LLC now owns 19,574 shares of the financial services provider’s stock valued at $4,165,000 after buying an additional 1,698 shares during the period. Finally, New Century Financial Group LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at about $276,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on COF. Deutsche Bank Aktiengesellschaft upped their price target on Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a report on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a research report on Saturday, September 27th. Rothschild & Co Redburn began coverage on Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 price target for the company. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Finally, Royal Bank Of Canada increased their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $249.06.

Capital One Financial Stock Up 0.3%

Capital One Financial stock opened at $214.39 on Friday. The stock’s fifty day moving average is $219.30 and its two-hundred day moving average is $200.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The stock has a market cap of $137.10 billion, a PE ratio of 109.94, a P/E/G ratio of 0.81 and a beta of 1.18.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter last year, the firm posted $3.14 EPS. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, sell-side analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is presently 123.08%.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares of the company’s stock, valued at $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock valued at $5,103,824 in the last 90 days. Insiders own 1.26% of the company’s stock.

Capital One Financial 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.