Capital One Financial Corporation $COF Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 243.4% during the second quarter, HoldingsChannel.com reports. The firm owned 21,093 shares of the financial services provider’s stock after purchasing an additional 14,951 shares during the period. Merit Financial Group LLC’s holdings in Capital One Financial were worth $4,488,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in COF. Mirae Asset Global Investments Co. Ltd. grew its position in Capital One Financial by 18.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock worth $10,010,000 after buying an additional 9,374 shares during the period. Plancorp LLC acquired a new stake in shares of Capital One Financial in the 2nd quarter worth approximately $272,000. Creative Financial Designs Inc. ADV increased its stake in Capital One Financial by 105.3% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 394 shares in the last quarter. Private Advisor Group LLC increased its stake in Capital One Financial by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock valued at $1,776,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Mutual Advisors LLC acquired a new position in Capital One Financial during the first quarter worth $215,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Capital One Financial stock opened at $213.78 on Tuesday. The stock has a market capitalization of $136.72 billion, a P/E ratio of 109.63, a P/E/G ratio of 0.79 and a beta of 1.18. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s 50-day moving average is $219.29 and its two-hundred day moving average is $201.62.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating 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. During the same period in the previous year, the company posted $3.14 EPS. The business’s quarterly revenue was up 31.4% on a year-over-year basis. Equities analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid 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 of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio is currently 123.08%.

Insiders Place Their Bets

In related news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s 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 completion of the sale, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock worth $5,103,824 over the last ninety days. Company insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective on the stock. TD Cowen raised their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Capital One Financial from $215.00 to $224.00 and gave the company a “hold” rating in a report on Thursday, October 2nd. Finally, Morgan Stanley raised their price objective on shares of Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $249.44.

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.