Canopy Partners LLC Acquires Shares of 1,032 Capital One Financial Corporation $COF

Canopy Partners LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,032 shares of the financial services provider’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC grew its stake in Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after purchasing an additional 117,427,549 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in Capital One Financial in the first quarter worth $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Capital One Financial by 45.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock worth $838,609,000 after purchasing an additional 1,454,595 shares during the period. Bank of New York Mellon Corp grew its stake in Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock worth $889,519,000 after purchasing an additional 950,415 shares during the period. Finally, Nuveen LLC purchased a new stake in Capital One Financial in the first quarter worth $141,599,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.2%

COF stock opened at $213.39 on Wednesday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The business’s 50-day moving average is $219.29 and its two-hundred day moving average is $201.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $136.46 billion, a price-to-earnings ratio of 109.43, a P/E/G ratio of 0.79 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the company posted $3.14 EPS. The firm’s revenue was up 31.4% compared to the same quarter last year. As a group, analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial’s dividend payout ratio is currently 123.08%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the transaction, the general counsel owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction dated 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 directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock worth $5,103,824 in the last ninety days. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on COF shares. UBS Group cut their target price on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday. Robert W. Baird increased their target price on Capital One Financial from $240.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Rothschild & Co Redburn started coverage on Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 target price on the stock. The Goldman Sachs Group cut their target price on Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Finally, Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $250.44.

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.