In the second quarter of this year, Beese Fulmer Investment Management Inc., an institutional investor, acquired a new stake in Capital One Financial Co. (NYSE:COF), according to its recent Form 13F filing with the SEC. The investment firm purchased 1,925 shares of the financial services provider’s stock, valued at approximately $211,000.
Capital One Financial Co. (NYSE:COF) recently released its earnings results for the quarter ending on July 20th. The company reported earnings per share (EPS) of $3.52, surpassing the consensus estimate of $3.31 by $0.21. Moreover, it recorded a return on equity of 9.72% and a net margin of 11.94%. In terms of revenue, Capital One Financial generated $9.01 billion during the quarter, slightly below the consensus estimate of $9.13 billion. However, this figure represented an increase of 9.5% compared to the same period last year when their revenue was higher.
For the current fiscal year, research analysts are forecasting that Capital One Financial Co will achieve an EPS figure of 11.56 based on their analysis and projections.
Several analyst reports have been published regarding COF stock in recent months. Stephens increased their price objective from $80.00 to $87.00 in a research note issued on July 21st while maintaining their rating on the stock. Similarly, Piper Sandler raised their target price from $112.00 to $115.00 and assigned a “neutral” rating to the company in a report published on July 21st as well.
Wells Fargo & Company also upgraded their target price for Capital One Financial from $110.00 to $127.00 and gave it an “overweight” rating in another report released on July 21st.
On August 17th, StockNews.com began coverage on Capital One Financial, issuing a “hold” rating on the stock. Lastly, Bank of America increased their target price for the company from $109.00 to $116.00 in a report that was published on June 6th.
Overall, according to data from Bloomberg, Capital One Financial currently holds an average rating of “Hold” among analysts, with some expressing bearish sentiments while others remain more optimistic. The consensus price target for COF stock is $109.09.
As with any investment opportunity, it is crucial for potential investors to conduct thorough research and analysis before making any decisions about purchasing stocks. Market conditions are subject to change rapidly, which may impact the performance and outlook of companies within the financial sector such as Capital One Financial Co.
Institutional Investors and Hedge Funds Boost Stakes in Capital One Financial
On September 18, 2023, it was reported that various institutional investors and hedge funds have been actively buying and selling shares of Capital One Financial. Among them, Toronto Dominion Bank increased its stake in the company by an impressive 37.9% during the first quarter. With this move, the bank now owns a staggering 291,462 shares of Capital One Financial’s stock, valued at $28,012,000.
Similarly, Jacobi Capital Management LLC also saw an increase in its stake in Capital One Financial by 8.7% during the same period. The firm now holds 6,530 shares of the financial services provider’s stock with a value of $628,000.
CI Investments Inc. followed suit with a lift in its stake as well, albeit a more modest one of 1.0%. This resulted in the ownership of 55,565 shares worth $5,165,000.
Dillon & Associates Inc., on the other hand, took a different approach and purchased a new stake in Capital One Financial during the first quarter amounting to approximately $239,000.
Lastly, Atria Investments Inc joined the list of institutional investors and hedge funds that have increased their stakes by lifting it by an impressive 14.0% during the first quarter. As a result of this move, they now own 33,792 shares valued at $3,249,000.
When considering these figures collectively, it becomes apparent that approximately 90.09% of the stock is owned by institutional investors and hedge funds.
As for NYSE:COF itself on Monday’s opening day trading session following this news release on September 18th had witnessed COF opening at $104.41.
Over the past year (as per recorded data up to September 18th), capital valuation has seen considerable oscillation for COF from its lowest point at $83.93 to reaching its highest peak at $123.09.
With a debt-to-equity ratio of 0.91 and both quick and current ratios standing at 0.99, Capital One Financial appears to be in a stable financial position. Additionally, the stock holds a 50-day moving average price of $108.33 and a 200-day moving average price of $102.84.
Capital One Financial currently boasts a market capitalization of $39.83 billion, further cementing its position as a notable player in the financial industry.
The company’s price-earnings (P/E) ratio is 8.00, while its price-earnings-to-growth (PEG) ratio stands at 1.95, indicating that there may be growth potential for investors in the future.
Lastly, based on data from Bloomberg, Capital One Financial has received attention from various analyst reports. These reports have varied from negative to positive ratings on the company’s stock.
For instance, Stephens raised their price objective from $80.00 to $87.00 in their research note on July 21st.
In contrast, Piper Sandler adjusted their target price from $112.00 to $115.00 with a “neutral” rating on July 21st.
Meanwhile, Wells Fargo & Company increased their target price from $110.00 to $127.00 and provided an “overweight” rating also on July 21st.
StockNews.com published a report on August 17th issuing a “hold” rating on Capital One Financial.
Lastly, Bank of America upped their target price from $109.00 to $116.00 in June 6th’s report.
Currently, based on historical data analysis gathered by Bloomberg, Capital One Financial has received an average rating of “Hold” with an overall consensus price target of approximately $109.09 among analysts covering the stock.
Aside from these institutional investor moves and analyst reports, Capital One Financial recently announced the declaration of a quarterly dividend. This dividend was subsequently paid on August 18th to shareholders of record as of August 7th at a rate of $0.60 per share. The ex-dividend date for this specific distribution was on August 4th. With an annualized dividend amounting to $2.40, the yield stands at 2.30%. Currently, the dividend payout ratio (DPR) for Capital One Financial is around 18.38%.
Shifting the focus to recent news regarding company insiders, it has been revealed that Mark Daniel Mouadeb, an insider at Capital One Financial, sold a total of 903 shares in a transaction that took place on July 18th. The average price per share during this sale was $115.00, resulting in a total transaction value of $103,845. Following this transaction, Mouadeb now possesses 15,493 shares in the company with an estimated value crossing $1.7 million.
Another notable development involved CEO Richard D. Fairbank selling off 3,891 shares of the stock in a transaction that occurred on August 14th at an average price of $109.48 per share. Consequently, the chief executive officer
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