3Chopt Investment Partners LLC Raises Position in Capital One Financial Corporation $COF

3Chopt Investment Partners LLC increased its holdings in Capital One Financial Corporation (NYSE:COF) by 41.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 12,751 shares of the financial services provider’s stock after acquiring an additional 3,730 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Capital One Financial were worth $2,713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of COF. WPG Advisers LLC bought a new stake in Capital One Financial during the first quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC lifted its holdings in shares of Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 62 shares during the last quarter. Olistico Wealth LLC lifted its holdings in shares of Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Saudi Central Bank bought a new position in Capital One Financial in the first quarter valued at $27,000. Finally, RMG Wealth Management LLC bought a new position in Capital One Financial in the second quarter valued at $27,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the transaction, the general counsel owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock valued at $5,103,824 in the last three months. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on COF shares. Keefe, Bruyette & Woods upped their target price 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. Barclays boosted their price objective on shares of Capital One Financial from $253.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday. TD Cowen increased their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their price target on shares of Capital One Financial from $248.00 to $235.00 and set a “neutral” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $250.44.

Capital One Financial Price Performance

COF opened at $210.50 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $134.62 billion, a PE ratio of 107.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The stock’s 50 day moving average price is $219.12 and its 200-day moving average price is $201.98. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.14 earnings per share. On average, equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. 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 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.