Birch Capital Management LLC Takes $599,000 Position in Capital One Financial Corporation $COF

Birch Capital Management LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,817 shares of the financial services provider’s stock, valued at approximately $599,000.

Other large investors have also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC raised its position 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 valued at $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC increased its position in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares during the last quarter. RMG Wealth Management LLC acquired a new position in Capital One Financial in the 2nd quarter worth about $27,000. Signature Resources Capital Management LLC acquired a new position in Capital One Financial in the 2nd quarter worth about $28,000. Finally, WPG Advisers LLC acquired a new position in Capital One Financial in the 1st quarter worth about $25,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on COF shares. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. TD Cowen increased their price objective on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday. Morgan Stanley increased their price objective on Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a report on Monday, September 29th. The Goldman Sachs Group lowered their price objective on Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Finally, Wells Fargo & Company increased their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $250.44.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $210.50 on Friday. The business has a 50 day moving average price of $219.12 and a 200 day moving average price of $201.98. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company has a market cap of $134.62 billion, a price-to-earnings ratio of 107.95, a PEG ratio of 0.78 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share 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 the consensus estimate of $12.72 billion. During the same quarter in the previous year, the company earned $3.14 EPS. Capital One Financial’s revenue for the quarter was up 31.4% compared to the same quarter last year. Research analysts predict 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. Investors of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s dividend payout ratio is presently 123.08%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares of the company’s stock, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock worth $5,103,824 over the last 90 days. 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.