City State Bank Takes $410,000 Position in Capital One Financial Corporation $COF

City State Bank bought 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 and Exchange Commission (SEC). The institutional investor bought 1,928 shares of the financial services provider’s stock, valued at approximately $410,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC raised its holdings in shares of Capital One Financial by 248.7% in the second quarter. Focus Partners Advisor Solutions LLC now owns 9,562 shares of the financial services provider’s stock valued at $2,034,000 after purchasing an additional 6,820 shares during the last quarter. Fielder Capital Group LLC bought a new stake in Capital One Financial in the second quarter worth about $527,000. State of New Jersey Common Pension Fund D raised its position in Capital One Financial by 68.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 214,000 shares of the financial services provider’s stock worth $45,531,000 after acquiring an additional 86,587 shares during the period. Leelyn Smith LLC bought a new stake in Capital One Financial in the second quarter worth about $301,000. Finally, Ranch Capital Advisors Inc. bought a new stake in Capital One Financial in the second quarter worth about $463,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE COF opened at $224.93 on Friday. The company’s 50 day moving average is $219.38 and its 200-day moving average is $205.25. The firm has a market cap of $143.85 billion, a P/E ratio of 94.91, a price-to-earnings-growth ratio of 0.77 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 quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, beating the consensus estimate of $4.25 by $1.70. The company had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Capital One Financial’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.51 earnings per share. Sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s payout ratio is currently 101.27%.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the transaction, the general counsel owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,184 shares of company stock valued at $2,799,248. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group lowered their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective on the stock. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Morgan Stanley lifted their price objective on shares of Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.79.

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.