Pflug Koory LLC Purchases New Position in Capital One Financial Corporation $COF

Pflug Koory LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, HoldingsChannel.com reports. The firm purchased 2,905 shares of the financial services provider’s stock, valued at approximately $618,000.

A number of other hedge funds also recently bought and sold shares of COF. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Capital One Financial by 18.6% in the 1st 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 position in shares of Capital One Financial in the 2nd quarter worth approximately $272,000. Creative Financial Designs Inc. ADV raised its position in shares of Capital One Financial by 105.3% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 394 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Capital One Financial by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after acquiring an additional 1,312 shares in the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of Capital One Financial in the 1st quarter worth approximately $215,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COF. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Deutsche Bank Aktiengesellschaft increased their target price on Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a research report on Thursday. Rothschild & Co Redburn began coverage on Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 target price for the company. Keefe, Bruyette & Woods upped their price target on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Three 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 stock. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average price target of $249.06.

Capital One Financial Stock Performance

Shares of COF opened at $214.39 on Friday. The business’s fifty day simple moving average is $219.30 and its two-hundred day simple moving average is $200.97. 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 12 month low of $143.22 and a 12 month high of $232.45. The company has a market cap of $137.10 billion, a price-to-earnings ratio of 109.94, a P/E/G ratio of 0.81 and a beta of 1.18.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating 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 business posted $3.14 earnings per share. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. Research analysts anticipate 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 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. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the stock in a transaction 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 sale, the chief accounting officer owned 8,780 shares in the company, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is currently owned by company insiders.

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.