SPC Financial Inc. Purchases Shares of 1,355 Capital One Financial Corporation $COF

SPC Financial Inc. purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,355 shares of the financial services provider’s stock, valued at approximately $288,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. WPG Advisers LLC bought a new position in Capital One Financial during the first quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC grew its position in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Olistico Wealth LLC grew its position in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares during the last quarter. Saudi Central Bank bought a new position in Capital One Financial during the first quarter valued at approximately $27,000. Finally, RMG Wealth Management LLC bought a new position in Capital One Financial during the second quarter valued at approximately $27,000. 89.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel owned 98,486 shares in the company, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The shares were 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 in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on COF. Robert W. Baird increased their price target on shares of Capital One Financial from $240.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group reduced their price target on shares of Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday, October 8th. TD Cowen increased their price objective on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, Morgan Stanley increased their price objective on Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $252.78.

Capital One Financial Stock Down 4.0%

Shares of COF opened at $202.37 on Monday. The stock has a market capitalization of $129.42 billion, a price-to-earnings ratio of 103.78, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The business’s 50 day simple moving average is $219.02 and its 200-day simple moving average is $202.43. 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 (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. The firm’s revenue was up 31.4% on a year-over-year basis. During the same period last year, the company earned $3.14 earnings per share. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio is 123.08%.

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.