Compass Financial Services Inc Acquires Shares of 285 Capital One Financial Corporation $COF

Compass Financial Services Inc acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 285 shares of the financial services provider’s stock, valued at approximately $61,000.

Several other hedge funds have also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC grew its stake in Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after acquiring an additional 117,427,549 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Capital One Financial by 64.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after purchasing an additional 5,474,328 shares during the last quarter. Boston Partners purchased a new position in shares of Capital One Financial during the second quarter valued at about $533,486,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Capital One Financial during the first quarter valued at about $381,848,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Capital One Financial by 41.3% in the second quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock worth $1,491,676,000 after purchasing an additional 2,050,010 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 2.8%

COF stock opened at $210.74 on Friday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The firm’s 50-day moving average is $218.70 and its 200 day moving average is $210.77. The company has a market capitalization of $133.97 billion, a PE ratio of 88.92, a P/E/G ratio of 0.70 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF) last issued its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The business had revenue of $15.46 billion for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. On average, research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s payout ratio is currently 135.02%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research note on Friday, August 1st. They set a “buy” rating and a $290.00 price target for the company. HSBC upped their price objective on Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Wolfe Research boosted their price target on shares of Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Truist Financial upped their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.63.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total transaction of $438,820.00. Following the transaction, the general counsel owned 96,486 shares in the company, valued at approximately $21,169,993.26. This trade represents a 2.03% 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 Capital One Financial stock in a transaction dated 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 $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 256,380 shares of company stock valued at $57,129,478. Company insiders own 1.26% of the company’s stock.

About Capital One Financial

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.