Sunbelt Securities Inc. Increases Position in Capital One Financial Co. (NYSE:COF)

Sunbelt Securities Inc. boosted its position in Capital One Financial Co. (NYSE:COF) by 67.1% in the 2nd quarter, Holdings Channel reports. The fund owned 1,646 shares of the financial services provider’s stock after purchasing an additional 661 shares during the period. Sunbelt Securities Inc.’s holdings in Capital One Financial were worth $228,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COF. LRI Investments LLC purchased a new stake in shares of Capital One Financial in the first quarter valued at $25,000. Silicon Valley Capital Partners purchased a new stake in Capital One Financial in the 1st quarter valued at about $25,000. Y.D. More Investments Ltd acquired a new position in shares of Capital One Financial during the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth about $29,000. Finally, Rise Advisors LLC acquired a new stake in shares of Capital One Financial in the first quarter worth approximately $33,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on COF shares. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. Bank of America upped their price objective on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. Evercore ISI cut their price objective on 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, BTIG Research began coverage on Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $147.21.

Insider Transactions at Capital One Financial

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

Capital One Financial Stock Performance

Capital One Financial stock opened at $146.51 on Thursday. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $154.18. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $55.70 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The firm’s fifty day moving average price is $142.72 and its 200 day moving average price is $141.46.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The business had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.52 earnings per share. On average, research analysts forecast that Capital One Financial Co. will post 12.91 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is currently 18.79%.

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.