TFB Advisors LLC Increases Stake in Capital One Financial Corporation $COF

TFB Advisors LLC increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,539 shares of the financial services provider’s stock after buying an additional 51 shares during the period. TFB Advisors LLC’s holdings in Capital One Financial were worth $276,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Capital One Financial by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock worth $5,782,590,000 after acquiring an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Capital One Financial by 23.7% during the 1st 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 acquiring an additional 950,415 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Capital One Financial by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $854,647,000 after acquiring an additional 734,939 shares in the last quarter. Invesco Ltd. grew its holdings in Capital One Financial by 13.3% during the 1st quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider’s stock worth $836,523,000 after acquiring an additional 548,052 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Capital One Financial by 21.8% during the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider’s stock worth $790,564,000 after acquiring an additional 793,765 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 0.0%

Shares of Capital One Financial stock opened at $214.6110 on Thursday. The company has a market cap of $137.25 billion, a P/E ratio of 110.06, a PEG ratio of 0.83 and a beta of 1.16. 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 one year low of $131.55 and a one year high of $232.45. The firm has a fifty day moving average of $212.06 and a two-hundred day moving average of $193.95.

Capital One Financial (NYSE:COF) last announced 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 firm had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 EPS. On average, analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Insider Activity

In related news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the sale, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,298 shares of company stock worth $4,233,044 in the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on COF. Redburn Atlantic upgraded shares of Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. TD Cowen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Finally, Barclays restated an “overweight” rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $238.81.

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.