Gallagher Fiduciary Advisors LLC Purchases New Position in Capital One Financial Corporation $COF

Gallagher Fiduciary Advisors LLC acquired a new position in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,872 shares of the financial services provider’s stock, valued at approximately $576,000.

Other hedge funds have also bought and sold shares of the company. Sculptor Capital LP bought a new stake in Capital One Financial during the 2nd quarter valued at $37,315,000. Pointe Capital Management LLC bought a new position in shares of Capital One Financial in the second quarter worth $459,000. Councilmark Asset Management LLC bought a new position in shares of Capital One Financial in the second quarter worth $628,000. First Bancorp Inc ME purchased a new position in shares of Capital One Financial in the second quarter valued at $248,000. Finally, Jupiter Topco LLC purchased a new position in shares of Capital One Financial in the second quarter valued at $464,338,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 0.0%

Shares of COF stock opened at $216.29 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The company has a market capitalization of $132.69 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02. The business’s fifty day moving average is $209.40 and its 200 day moving average is $197.91.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. During the same quarter last year, the company earned $5.48 earnings per share. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. On average, equities research analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on COF shares. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $226.00 to $229.00 in a report on Sunday, July 12th. UBS Group upped their price target on Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. BTIG Research upped their price target on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Capital One Financial in a research report on Thursday, August 20th. Twenty-one investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.91.

Insider Activity

In related news, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the transaction, the insider directly owned 26,328 shares in the company, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares in the company, valued at $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 26,267 shares of company stock worth $5,617,648. Company insiders own 0.78% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.