OFI Invest Asset Management Makes New $910,000 Investment in Capital One Financial Co. (NYSE:COF)

OFI Invest Asset Management purchased a new stake in shares of Capital One Financial Co. (NYSE:COF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,044 shares of the financial services provider’s stock, valued at approximately $910,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of COF. Meridian Financial Partners LLC raised its position in Capital One Financial by 5.5% in the second quarter. Meridian Financial Partners LLC now owns 5,484 shares of the financial services provider’s stock worth $816,000 after acquiring an additional 284 shares in the last quarter. Accordant Advisory Group Inc bought a new stake in Capital One Financial during the second quarter worth approximately $42,000. Brookstone Capital Management increased its holdings in shares of Capital One Financial by 15.3% in the second quarter. Brookstone Capital Management now owns 4,181 shares of the financial services provider’s stock valued at $625,000 after buying an additional 554 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Capital One Financial by 42.7% during the 2nd quarter. Blue Trust Inc. now owns 1,594 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 477 shares during the last quarter. Finally, Coronation Fund Managers Ltd. acquired a new stake in shares of Capital One Financial during the 2nd quarter valued at $6,750,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 1.8 %

Shares of NYSE COF traded up $2.45 during mid-day trading on Friday, reaching $139.56. 1,883,617 shares of the company traded hands, compared to its average volume of 2,525,777. The company’s fifty day moving average is $139.66 and its two-hundred day moving average is $139.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $153.35. The stock has a market cap of $53.06 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14). The business had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.52 EPS. On average, analysts expect that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Monday, August 12th. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Activity at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on COF shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. BTIG Research began coverage on shares of Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. Evercore ISI cut their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. Finally, Bank of America raised their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $145.89.

Capital One Financial Company 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.