Oak Grove Capital LLC Makes New Investment in Capital One Financial Corporation $COF

Oak Grove Capital LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,069 shares of the financial services provider’s stock, valued at approximately $227,000.

Several other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in shares of Capital One Financial by 53.6% during the second quarter. Bessemer Group Inc. now owns 26,608 shares of the financial services provider’s stock worth $5,660,000 after buying an additional 9,290 shares in the last quarter. Brookwood Investment Group LLC acquired a new stake in shares of Capital One Financial during the second quarter worth approximately $215,000. GoalVest Advisory LLC acquired a new stake in shares of Capital One Financial during the second quarter worth approximately $32,000. First Command Advisory Services Inc. increased its holdings in shares of Capital One Financial by 21.6% during the second quarter. First Command Advisory Services Inc. now owns 828 shares of the financial services provider’s stock worth $176,000 after buying an additional 147 shares in the last quarter. Finally, Banco Santander S.A. increased its holdings in shares of Capital One Financial by 11.5% during the second quarter. Banco Santander S.A. now owns 72,920 shares of the financial services provider’s stock worth $15,514,000 after buying an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the subject of several recent analyst reports. HSBC raised their price objective on shares of Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a report on Thursday. UBS Group lowered their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Barclays raised their price target on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Morgan Stanley raised their price target on shares of Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Insiders Place Their Bets

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their position. The transaction 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 Capital One Financial stock in a transaction on Monday, August 4th. The stock was 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 in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,184 shares of company stock valued at $2,799,248. Company insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $224.93 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $143.85 billion, a P/E ratio of 94.91, a P/E/G ratio of 0.75 and a beta of 1.18. The firm has a 50 day simple moving average of $219.38 and a 200 day simple moving average of $205.84. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.36 billion during the quarter, compared to analyst estimates of $15.06 billion. During the same quarter in the previous year, the business earned $4.51 EPS. The business’s quarterly revenue was up 53.4% compared to the same quarter last year. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s payout ratio is currently 101.27%.

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.