Hoese & Co LLP Acquires New Position in Capital One Financial Corporation $COF

Hoese & Co LLP purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 204 shares of the financial services provider’s stock, valued at approximately $43,000.

A number of other institutional investors have also recently made changes to their positions in COF. Kingstone Capital Partners Texas LLC lifted its stake in shares of Capital One Financial by 588,668.3% in the 2nd 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. bought a new stake in shares of Capital One Financial during the first quarter valued at approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Capital One Financial by 45.1% during 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 valued at $838,609,000 after buying an additional 1,454,595 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 last quarter. Finally, Nuveen LLC bought a new stake in Capital One Financial in the first quarter worth $141,599,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on COF shares. TD Cowen boosted their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Truist Financial upped their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Evercore ISI upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Robert W. Baird upped their price objective on shares of Capital One Financial from $240.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Finally, HSBC set a $218.00 price target on shares of Capital One Financial and gave the company a “hold” rating in a research report on Friday, October 10th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.78.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’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 sale, the general counsel owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This trade represents a 1.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Alexander sold 10,114 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock worth $5,103,824 over the last 90 days. Company insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $211.25 on Friday. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company’s 50 day moving average is $219.01 and its 200 day moving average is $203.23. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $135.10 billion, a PE ratio of 108.33, a price-to-earnings-growth ratio of 0.73 and a beta of 1.18.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter last year, the company posted $3.14 EPS. Capital One Financial’s quarterly revenue was up 31.4% compared to the same quarter last year. On average, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current 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 paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is presently 123.08%.

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.