Traub Capital Management LLC Takes Position in Capital One Financial Corporation $COF

Traub Capital Management LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 3,210 shares of the financial services provider’s stock, valued at approximately $683,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. WPG Advisers LLC purchased a new stake in shares of Capital One Financial during the 1st quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC grew its stake in shares of Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after buying an additional 62 shares in the last quarter. Olistico Wealth LLC increased its holdings in shares of Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after buying an additional 101 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of Capital One Financial during the 1st quarter valued at about $27,000. Finally, RMG Wealth Management LLC purchased a new position in Capital One Financial in the second quarter worth about $27,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Price Performance

Shares of COF stock opened at $200.61 on Wednesday. The company has a market capitalization of $127.53 billion, a P/E ratio of 84.64, a P/E/G ratio of 0.70 and a beta of 1.19. The company’s 50-day simple moving average is $217.89 and its two-hundred day simple moving average is $211.42. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.46 billion during the quarter. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 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 1.6%. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio is currently 135.02%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on COF shares. UBS Group cut their target price on 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. Robert W. Baird raised their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Truist Financial increased their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Morgan Stanley boosted their target price on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group increased their price target on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Four 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Insider Transactions at Capital One Financial

In related news, insider Neal Blinde sold 43,200 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the sale, the insider directly owned 73,020 shares of the company’s stock, valued at $16,198,026.60. This represents a 37.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fairbank sold 103,487 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the transaction, the chief executive officer owned 4,001,228 shares in the company, valued at approximately $882,990,995.04. The trade was a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 274,013 shares of company stock valued at $61,045,903. Insiders own 1.26% of the company’s stock.

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.