Baker Ellis Asset Management LLC Takes Position in Capital One Financial Corporation $COF

Baker Ellis Asset Management LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 30,798 shares of the financial services provider’s stock, valued at approximately $6,553,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC grew its stake in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after buying an additional 10,428 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in Capital One Financial during the 4th quarter valued at $707,000. State of Wyoming bought a new position in Capital One Financial in the 4th quarter worth $187,000. Teza Capital Management LLC purchased a new stake in Capital One Financial in the 4th quarter worth $252,000. Finally, Southpoint Capital Advisors LP grew its position in shares of Capital One Financial by 85.7% during the fourth quarter. Southpoint Capital Advisors LP now owns 1,300,000 shares of the financial services provider’s stock valued at $231,816,000 after purchasing an additional 600,000 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the transaction, the general counsel directly owned 100,486 shares in the company, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock worth $4,679,844 in the last 90 days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $223.59 on Monday. The firm has a 50 day simple moving average of $217.89 and a 200-day simple moving average of $196.49. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $142.99 billion, a PE ratio of 114.66, a P/E/G ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a 1-year low of $137.64 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. During the same quarter in the prior year, the firm earned $3.14 earnings per share. Capital One Financial’s quarterly revenue was up 31.4% compared to the same quarter last year. On average, equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is presently 123.08%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on COF shares. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Truist Financial upped their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday. Citigroup upped their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Royal Bank Of Canada increased their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, Barclays reiterated an “overweight” rating and set a $253.00 target price (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $239.44.

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.