River Street Advisors LLC Makes New Investment in Capital One Financial Corporation $COF

River Street Advisors LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,127 shares of the financial services provider’s stock, valued at approximately $1,942,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Capital One Financial by 18.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock worth $10,010,000 after acquiring an additional 9,374 shares in the last quarter. Plancorp LLC bought a new stake in shares of Capital One Financial in the second quarter valued at about $272,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Capital One Financial by 105.3% in the first 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 in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Capital One Financial by 15.3% in the first 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 in the last quarter. Finally, Mutual Advisors LLC bought a new stake in shares of Capital One Financial in the first quarter valued at about $215,000. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on COF. TD Cowen upgraded Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Royal Bank Of Canada boosted their price target on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Barclays restated an “overweight” rating and issued a $253.00 price target (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Capital One Financial from $215.00 to $224.00 and gave the company a “hold” rating in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $245.67.

Capital One Financial Stock Performance

COF opened at $213.79 on Friday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The firm has a market capitalization of $136.72 billion, a PE ratio of 109.64, a PEG ratio of 0.81 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50-day simple moving average is $219.26 and its 200 day simple moving average is $200.65.

Capital One Financial (NYSE:COF) last released its earnings results 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 company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The business’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.14 EPS. As a group, sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

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

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s 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 transaction, the general counsel owned 100,486 shares of the company’s stock, valued at $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 in the last three months. 1.26% of the stock is owned by corporate insiders.

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.