Benson Investment Management Company Inc. Buys Shares of 26,640 Capital One Financial Corporation $COF

Benson Investment Management Company Inc. bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,640 shares of the financial services provider’s stock, valued at approximately $5,668,000. Capital One Financial makes up about 2.1% of Benson Investment Management Company Inc.’s investment portfolio, making the stock its 14th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC increased its stake in shares of Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. raised its holdings in Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock worth $5,782,590,000 after buying an additional 506,105 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock worth $889,519,000 after buying an additional 950,415 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $854,647,000 after buying an additional 734,939 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Capital One Financial by 45.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock worth $838,609,000 after buying an additional 1,454,595 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the company’s 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 transaction, the insider owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,298 shares of company stock valued at $5,103,824. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Morgan Stanley lifted their target price on shares of Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a report on Thursday, October 2nd. Royal Bank Of Canada lifted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Finally, Evercore ISI lifted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $252.78.

Capital One Financial Stock Performance

COF opened at $202.37 on Friday. The firm has a market cap of $129.42 billion, a P/E ratio of 103.78, a PEG ratio of 0.77 and a beta of 1.18. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day simple moving average of $219.02 and a two-hundred day simple moving average of $202.11.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 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 analysts’ expectations of $12.72 billion. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.14 EPS. Equities analysts forecast 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. Stockholders of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. Capital One Financial’s payout ratio is 123.08%.

About Capital One Financial

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.