SRS Capital Advisors Inc. purchased a new position in shares of Capital One Financial Corp. (NYSE:COF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,996 shares of the financial services provider’s stock, valued at approximately $181,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Next Capital Management LLC bought a new position in shares of Capital One Financial during the 2nd quarter worth $25,000. Parkside Financial Bank & Trust lifted its stake in shares of Capital One Financial by 78.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 384 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 169 shares during the last quarter. Braun Bostich & Associates Inc. purchased a new stake in shares of Capital One Financial during the 1st quarter worth $37,000. Coastal Capital Group Inc. purchased a new stake in shares of Capital One Financial during the 2nd quarter worth $39,000. Finally, Camarda Financial Advisors LLC lifted its stake in shares of Capital One Financial by 318.9% during the 2nd quarter. Camarda Financial Advisors LLC now owns 444 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 338 shares during the last quarter. 88.25% of the stock is currently owned by institutional investors and hedge funds.
Capital One Financial stock traded up $1.70 during midday trading on Thursday, reaching $86.29. The company’s stock had a trading volume of 138,476 shares, compared to its average volume of 2,987,428. The stock’s 50-day simple moving average is $89.10 and its 200-day simple moving average is $87.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Corp. has a 52-week low of $69.90 and a 52-week high of $100.89. The stock has a market capitalization of $40.45 billion, a P/E ratio of 7.94, a PEG ratio of 0.92 and a beta of 1.24.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Friday, August 2nd. Capital One Financial’s dividend payout ratio (DPR) is presently 14.71%.
COF has been the subject of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $98.00 price objective on shares of Capital One Financial in a research note on Friday, May 3rd. Deutsche Bank restated a “hold” rating and set a $98.00 price objective on shares of Capital One Financial in a research note on Monday, July 8th. Morgan Stanley set a $99.00 price objective on Capital One Financial and gave the stock a “hold” rating in a research note on Friday, August 9th. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $95.00 to $115.00 in a research note on Tuesday, May 14th. Finally, ValuEngine cut Capital One Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $105.11.
In other Capital One Financial news, insider Jory A. Berson sold 9,329 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $93.00, for a total value of $867,597.00. Following the completion of the sale, the insider now directly owns 59,353 shares in the company, valued at $5,519,829. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael J. Wassmer sold 8,212 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $95.03, for a total value of $780,386.36. Following the completion of the sale, the insider now owns 84,679 shares of the company’s stock, valued at $8,047,045.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,149 shares of company stock valued at $5,053,283. 1.43% of the stock is currently owned by company insiders.
Capital One Financial Company Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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