IMS Capital Management Makes New Investment in Capital One Financial Co. (NYSE:COF)

IMS Capital Management acquired a new position in shares of Capital One Financial Co. (NYSE:COF) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,530 shares of the financial services provider’s stock, valued at approximately $228,000.

Several other institutional investors also recently bought and sold shares of the company. Silicon Valley Capital Partners purchased a new position in shares of Capital One Financial in the 1st quarter valued at $25,000. LRI Investments LLC purchased a new position in shares of Capital One Financial in the 1st quarter valued at $25,000. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of Capital One Financial by 1,658.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 199 shares during the period. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Capital One Financial by 726.7% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 218 shares during the period. Finally, Rise Advisors LLC purchased a new position in shares of Capital One Financial in the 1st quarter valued at $33,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In related news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Capital One Financial news, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the transaction, the insider now owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on COF shares. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. Wells Fargo & Company boosted their price objective on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Finally, BTIG Research started coverage on Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $145.89.

Capital One Financial Price Performance

Shares of COF stock traded down $7.77 during trading hours on Friday, reaching $136.12. The company had a trading volume of 3,542,499 shares, compared to its average volume of 2,715,373. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average of $140.09 and a 200-day moving average of $139.46. The company has a market capitalization of $51.75 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 1.13 and a beta of 1.45. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $153.35.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The company had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. Capital One Financial’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $3.52 earnings per share. On average, equities analysts anticipate that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be given a $0.60 dividend. The ex-dividend date is Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.76%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

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.