60,255 Shares in Capital One Financial Corporation $COF Bought by Alley Investment Management Company LLC

Alley Investment Management Company LLC acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 60,255 shares of the financial services provider’s stock, valued at approximately $12,820,000. Capital One Financial accounts for 1.6% of Alley Investment Management Company LLC’s holdings, making the stock its 29th biggest holding.

Several other hedge funds have also added to or reduced their stakes in COF. Kingstone Capital Partners Texas LLC raised its stake in Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after buying an additional 117,427,549 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in Capital One Financial during the 1st quarter worth $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Capital One Financial by 45.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock worth $838,609,000 after buying an additional 1,454,595 shares during the period. Bank of New York Mellon Corp raised its stake 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 buying an additional 950,415 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Capital One Financial in the 1st quarter valued at about $141,599,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Trading Down 5.0%

Shares of NYSE:COF opened at $212.50 on Wednesday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The stock has a market cap of $135.90 billion, a PE ratio of 108.97, a P/E/G ratio of 0.86 and a beta of 1.17. The business has a 50 day moving average of $219.34 and a 200-day moving average of $200.23. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (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 the consensus estimate of $12.72 billion. During the same quarter in the prior year, the firm earned $3.14 EPS. The company’s revenue was up 31.4% on a year-over-year basis. As a group, equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s payout ratio is currently 123.08%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on COF. Rothschild & Co Redburn began coverage on Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 price target on the stock. Morgan Stanley lifted their price target on Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a research note on Monday. TD Cowen raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Truist Financial lifted their price target on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, Evercore ISI lifted their price target on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.29.

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 10,114 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Timothy P. Golden sold 207 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is currently owned by corporate insiders.

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.