Monument Capital Management Takes $323,000 Position in Capital One Financial Corporation $COF

Monument Capital Management bought a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,519 shares of the financial services provider’s stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in COF. Brighton Jones LLC raised its position in shares of Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after buying an additional 10,428 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in shares of Capital One Financial by 22.8% during the 1st quarter. Simon Quick Advisors LLC now owns 2,708 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 503 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Capital One Financial by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 31,899 shares of the financial services provider’s stock valued at $5,719,000 after purchasing an additional 4,509 shares during the last quarter. Founders Grove Wealth Partners LLC bought a new stake in shares of Capital One Financial during the 1st quarter valued at approximately $219,000. Finally, CVA Family Office LLC grew its holdings in shares of Capital One Financial by 5.9% during the 1st quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 80 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Trading Down 4.0%

COF opened at $202.37 on Friday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week 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 firm has a market capitalization of $129.42 billion, a price-to-earnings ratio of 103.78, a PEG ratio of 0.77 and a beta of 1.18. The company’s 50 day moving average price is $219.02 and its two-hundred day moving average price is $202.11.

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

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio is currently 123.08%.

Insider Activity

In other news, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares of the company’s stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the company’s stock in a transaction on 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,298 shares of company stock valued at $5,103,824. Company insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on COF shares. HSBC set a $218.00 price target on shares of Capital One Financial and gave the company a “hold” rating in a report on Friday. UBS Group decreased their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Capital One Financial from $215.00 to $224.00 and gave the company a “hold” rating in a report on Thursday, October 2nd. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a report on Friday, August 1st. They set a “buy” rating and a $290.00 price target on the stock. Finally, TD Cowen boosted their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.78.

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.