River Street Advisors LLC Invests $1.94 Million in Capital One Financial Corporation $COF

River Street Advisors LLC bought a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,127 shares of the financial services provider’s stock, valued at approximately $1,942,000.

Other hedge funds have also modified their holdings of the company. WPG Advisers LLC bought a new stake in Capital One Financial during the 1st quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC increased its holdings in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Saudi Central Bank acquired a new stake in Capital One Financial during the 1st quarter valued at $27,000. Signature Resources Capital Management LLC acquired a new stake in Capital One Financial during the 2nd quarter valued at $28,000. Finally, Beacon Capital Management LLC increased its holdings in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 97 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Up 0.1%

NYSE:COF opened at $213.79 on Friday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $136.72 billion, a P/E ratio of 109.64, a P/E/G ratio of 0.81 and a beta of 1.18. The stock’s fifty day simple moving average is $219.26 and its 200-day simple moving average is $200.65.

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

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on COF. Truist Financial raised their price target on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, September 12th. Royal Bank Of Canada raised their price target on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Citigroup increased their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. TD Cowen upgraded Capital One Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Evercore ISI increased their price objective on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $245.67.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock valued at $4,679,844 over the last 90 days. Company 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.