Sky Investment Group LLC Has $964,000 Stock Holdings in Capital One Financial Corporation $COF

Sky Investment Group LLC grew its holdings in Capital One Financial Corporation (NYSE:COF) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,532 shares of the financial services provider’s stock after buying an additional 78 shares during the quarter. Sky Investment Group LLC’s holdings in Capital One Financial were worth $964,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Piscataqua Savings Bank acquired a new position in shares of Capital One Financial in the 2nd quarter valued at $119,000. Stolper Co acquired a new position in shares of Capital One Financial in the 2nd quarter valued at $10,796,000. Kozak & Associates Inc. raised its stake in shares of Capital One Financial by 3,424.7% in the 2nd quarter. Kozak & Associates Inc. now owns 2,714 shares of the financial services provider’s stock valued at $592,000 after buying an additional 2,637 shares in the last quarter. Charter Oak Capital Management LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at $318,000. Finally, Trust Point Inc. acquired a new position in shares of Capital One Financial in the 2nd quarter valued at $414,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider owned 68,707 shares of the company’s stock, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel directly owned 100,486 shares in the company, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 in the last quarter. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Up 1.9%

COF opened at $229.81 on Friday. The firm’s 50-day simple moving average is $218.52 and its 200-day simple moving average is $197.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The firm has a market cap of $146.97 billion, a price-to-earnings ratio of 117.85, a PEG ratio of 0.87 and a beta of 1.17.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the company earned $3.14 EPS. The firm’s revenue was up 31.4% compared to the same quarter last year. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.0%. Capital One Financial’s dividend payout ratio is currently 123.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods increased their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Citigroup upped their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, Rothschild & Co Redburn began coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a “buy” rating and a $290.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $239.44.

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.