Moloney Securities Asset Management LLC Makes New $517,000 Investment in Capital One Financial Corporation $COF

Moloney Securities Asset Management LLC purchased a new position in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,429 shares of the financial services provider’s stock, valued at approximately $517,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Asset Management One Co. Ltd. boosted its stake in Capital One Financial by 63.1% in the 2nd quarter. Asset Management One Co. Ltd. now owns 279,318 shares of the financial services provider’s stock worth $59,428,000 after purchasing an additional 108,042 shares during the period. R Squared Ltd bought a new position in shares of Capital One Financial during the 2nd quarter valued at approximately $274,000. AlTi Global Inc. boosted its position in shares of Capital One Financial by 51.6% during the 2nd quarter. AlTi Global Inc. now owns 3,187 shares of the financial services provider’s stock valued at $678,000 after acquiring an additional 1,085 shares during the last quarter. Cardinal Point Capital Management ULC bought a new position in shares of Capital One Financial during the 2nd quarter valued at approximately $206,000. Finally, Carnegie Investment Counsel bought a new position in shares of Capital One Financial during the 2nd quarter valued at approximately $1,647,000. 89.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer owned 8,780 shares in the company, valued at $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,184 shares of company stock worth $2,799,248 over the last quarter. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on COF shares. The Goldman Sachs Group increased their target price on Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley increased their target price on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a research report on Wednesday. Wolfe Research increased their target price on Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research report on Wednesday. Evercore ISI increased their target price on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Finally, Keefe, Bruyette & Woods increased their target price on Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $260.79.

Capital One Financial Stock Performance

NYSE:COF opened at $224.93 on Friday. The stock’s fifty day moving average is $219.38 and its 200 day moving average is $205.63. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The firm has a market capitalization of $143.85 billion, a PE ratio of 94.91, a PEG ratio of 0.78 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.03.

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 the consensus estimate of $4.25 by $1.70. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. During the same quarter in the prior year, the firm posted $4.51 EPS. Capital One Financial’s quarterly revenue was up 53.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is presently 101.27%.

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.