North Star Asset Management Inc. Takes Position in Capital One Financial Corporation $COF

North Star Asset Management Inc. purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,398 shares of the financial services provider’s stock, valued at approximately $882,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC bought a new stake in Capital One Financial in the 2nd quarter valued at about $22,022,000. United Capital Financial Advisors LLC purchased a new stake in Capital One Financial during the second quarter valued at about $6,840,000. Brooks Moore & Associates Inc. bought a new position in Capital One Financial during the second quarter worth about $2,004,000. Bank OZK bought a new position in Capital One Financial during the second quarter worth about $992,000. Finally, Caitlin John LLC purchased a new position in shares of Capital One Financial in the second quarter worth about $38,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.4%

Shares of NYSE:COF opened at $215.81 on Friday. The firm has a fifty day moving average price of $210.32 and a two-hundred day moving average price of $198.00. The company has a market cap of $132.40 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.80 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter in the prior year, the firm posted $5.48 earnings per share. The business’s quarterly revenue was up 26.9% on a year-over-year basis. Analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio is currently 19.80%.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the transaction, the general counsel owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the transaction, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 26,267 shares of company stock worth $5,617,648. 0.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on COF shares. Citigroup dropped their price target on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a report on Thursday, August 20th. Finally, Piper Sandler assumed coverage on Capital One Financial in a research note on Monday, June 29th. They set an “overweight” rating and a $254.00 price objective on the stock. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.91.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.