Reliant Investment Management LLC Invests $5.66 Million in Capital One Financial Corporation $COF

Reliant Investment Management LLC acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,616 shares of the financial services provider’s stock, valued at approximately $5,663,000. Capital One Financial comprises 2.5% of Reliant Investment Management LLC’s holdings, making the stock its 22nd largest position.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Capital One Financial by 18.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock valued at $10,010,000 after purchasing an additional 9,374 shares during the last quarter. Plancorp LLC acquired a new stake in Capital One Financial in the 2nd quarter valued at about $272,000. Creative Financial Designs Inc. ADV lifted its stake in Capital One Financial by 105.3% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 394 shares during the last quarter. Private Advisor Group LLC lifted its stake in Capital One Financial by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock valued at $1,776,000 after purchasing an additional 1,312 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new stake in Capital One Financial in the 1st quarter valued at about $215,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group cut their target price on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Barclays raised their target price on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research note on Wednesday. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a research report on Wednesday, October 8th. Finally, Citigroup raised their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.16.

Capital One Financial Stock Up 1.4%

NYSE COF opened at $220.17 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The company has a 50 day moving average of $219.21 and a 200-day moving average of $204.30. The company has a market cap of $140.80 billion, a price-to-earnings ratio of 92.90, a PEG ratio of 0.78 and a beta of 1.18.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 12.18%. The company had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $15.06 billion. During the same period in the previous year, the business earned $4.51 earnings per share. The firm’s quarterly revenue was up 53.4% on a year-over-year basis. On average, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. 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 presently 123.08%.

Insider Activity

In related news, CAO Timothy P. Golden sold 207 shares of Capital One Financial 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 transaction, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,184 shares of company stock worth $2,799,248. Corporate insiders own 1.26% of the company’s stock.

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.