Blume Capital Management Inc. Raises Holdings in Capital One Financial Corporation $COF

Blume Capital Management Inc. raised its position in Capital One Financial Corporation (NYSE:COF) by 9.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 63,864 shares of the financial services provider’s stock after acquiring an additional 5,289 shares during the period. Capital One Financial comprises 2.7% of Blume Capital Management Inc.’s portfolio, making the stock its 9th biggest position. Blume Capital Management Inc.’s holdings in Capital One Financial were worth $13,588,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in COF. Eagle Bay Advisors LLC lifted its position in Capital One Financial by 3.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock worth $299,000 after buying an additional 49 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its stake in shares of Capital One Financial by 0.3% in the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider’s stock valued at $3,532,000 after buying an additional 50 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in shares of Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after buying an additional 50 shares in the last quarter. TFB Advisors LLC increased its holdings in Capital One Financial by 3.4% during the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider’s stock worth $276,000 after buying an additional 51 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in Capital One Financial by 0.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider’s stock worth $1,097,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on COF shares. HSBC set a $218.00 price objective on shares of Capital One Financial and gave the company a “hold” rating in a research report on Friday, October 10th. Barclays lifted their price target on Capital One Financial from $253.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. UBS Group dropped their price objective on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. JPMorgan Chase & Co. cut their price objective on Capital One Financial from $248.00 to $235.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Finally, Morgan Stanley lifted their target price on Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $252.78.

Insider Activity

In other news, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. This represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,184 shares of company stock worth $2,799,248. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $217.31 on Wednesday. The stock has a market cap of $138.97 billion, a P/E ratio of 111.44, a PEG ratio of 0.77 and a beta of 1.18. The stock has a 50 day simple moving average of $219.16 and a 200 day simple moving average of $204.19. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $1.70. The firm had revenue of $15.36 billion during the quarter, compared to analyst estimates of $15.06 billion. During the same period in the prior year, the company earned $4.51 earnings per share. The business’s quarterly revenue was up 53.4% compared to the same quarter last year. Research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued 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 dividend yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

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.