Benson Investment Management Company Inc. Buys New Stake in Capital One Financial Corporation $COF

Benson Investment Management Company Inc. bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,640 shares of the financial services provider’s stock, valued at approximately $5,668,000. Capital One Financial comprises approximately 2.1% of Benson Investment Management Company Inc.’s portfolio, making the stock its 14th largest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COF. Brighton Jones LLC lifted its position in 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 acquiring an additional 10,428 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of Capital One Financial by 22.8% in the first quarter. Simon Quick Advisors LLC now owns 2,708 shares of the financial services provider’s stock worth $486,000 after buying an additional 503 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Capital One Financial by 16.5% in the first quarter. Fifth Third Bancorp now owns 31,899 shares of the financial services provider’s stock worth $5,719,000 after buying an additional 4,509 shares during the last quarter. Founders Grove Wealth Partners LLC purchased a new position in shares of Capital One Financial in the first quarter worth $219,000. Finally, CVA Family Office LLC raised its holdings in shares of Capital One Financial by 5.9% in the first quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider’s stock worth $259,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 4.0%

Shares of NYSE COF opened at $202.37 on Friday. The company’s 50-day simple moving average is $219.02 and its 200-day simple moving average is $202.11. 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 cap of $129.42 billion, a price-to-earnings ratio of 103.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.14 earnings per share. Equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.2%. Capital One Financial’s payout ratio is 123.08%.

Insider Activity

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel directly owned 98,486 shares of the company’s stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock valued at $5,103,824 over the last three months. 1.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on COF. The Goldman Sachs Group decreased their price target on shares of Capital One Financial from $276.00 to $266.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Citigroup raised their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a report on Wednesday. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, UBS Group decreased their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.78.

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.