Joule Financial LLC Raises Stake in Capital One Financial Co. (NYSE:COF)

Joule Financial LLC boosted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 2.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,882 shares of the financial services provider’s stock after buying an additional 83 shares during the quarter. Capital One Financial accounts for about 1.4% of Joule Financial LLC’s portfolio, making the stock its 25th largest holding. Joule Financial LLC’s holdings in Capital One Financial were worth $537,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. KG&L Capital Management LLC boosted its stake in shares of Capital One Financial by 26.7% in the second quarter. KG&L Capital Management LLC now owns 2,670 shares of the financial services provider’s stock worth $370,000 after buying an additional 562 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $1,057,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of Capital One Financial during the 2nd quarter valued at approximately $575,000. MFA Wealth Advisors LLC purchased a new position in shares of Capital One Financial during the 2nd quarter valued at approximately $77,000. Finally, Prossimo Advisors LLC grew its position in Capital One Financial by 60.4% during the second quarter. Prossimo Advisors LLC now owns 2,670 shares of the financial services provider’s stock valued at $370,000 after buying an additional 1,005 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Trading Down 0.2 %

NYSE COF traded down $0.27 on Thursday, reaching $139.51. 2,339,331 shares of the company were exchanged, compared to its average volume of 2,501,296. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $153.35. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The business’s fifty day moving average price is $139.87 and its 200 day moving average price is $139.77. The stock has a market capitalization of $53.04 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). The firm had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.52 earnings per share. Analysts forecast that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, August 12th. This represents a $2.40 annualized dividend and a yield of 1.72%. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

Insiders Place Their Bets

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on COF. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $145.00 to $165.00 in a research note on Thursday, June 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. Bank of America lifted their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, BTIG Research assumed coverage on shares of Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Capital One Financial presently has an average rating of “Hold” and a consensus price target of $145.89.

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.