Johnson Investment Counsel Inc. Raises Position in Capital One Financial Corporation $COF

Johnson Investment Counsel Inc. grew its position in Capital One Financial Corporation (NYSE:COF) by 217.6% during the 2nd quarter, Holdings Channel reports. The fund owned 4,624 shares of the financial services provider’s stock after buying an additional 3,168 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Capital One Financial were worth $984,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in COF. WPG Advisers LLC purchased a new stake in shares of Capital One Financial in the first quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC boosted its holdings in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after buying an additional 62 shares in the last quarter. Olistico Wealth LLC boosted its holdings in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after buying an additional 101 shares in the last quarter. Saudi Central Bank purchased a new stake in Capital One Financial during the first quarter worth about $27,000. Finally, RMG Wealth Management LLC purchased a new stake in Capital One Financial during the second quarter worth about $27,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF opened at $214.08 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a market cap of $136.91 billion, a P/E ratio of 109.78, a PEG ratio of 0.76 and a beta of 1.18. The company has a 50-day moving average of $219.00 and a two-hundred day moving average of $202.75. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates 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 firm posted $3.14 EPS. As a group, research 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s payout ratio is currently 123.08%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COF. JPMorgan Chase & Co. decreased their price objective on shares of Capital One Financial from $248.00 to $235.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Royal Bank Of Canada boosted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Citigroup lifted their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company lifted their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $252.78.

Insider Activity

In other news, CAO Timothy P. Golden sold 3,462 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares of the company’s stock, valued at $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction, the insider directly owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,298 shares of company stock worth $5,103,824. Corporate insiders own 1.26% of the company’s stock.

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.