1,483 Shares in Capital One Financial Co. (NYSE:COF) Bought by King Luther Capital Management Corp

King Luther Capital Management Corp purchased a new stake in Capital One Financial Co. (NYSE:COF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,483 shares of the financial services provider’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors increased its position in shares of Capital One Financial by 72.8% in the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after acquiring an additional 8,900,241 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Capital One Financial by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after purchasing an additional 549,665 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Capital One Financial by 123.4% during the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock worth $107,016,000 after purchasing an additional 427,000 shares in the last quarter. Capital World Investors boosted its holdings in shares of Capital One Financial by 2.1% in the 4th quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock valued at $1,965,761,000 after buying an additional 311,696 shares during the last quarter. Finally, Commerce Bank grew its stake in shares of Capital One Financial by 2,119.5% in the first quarter. Commerce Bank now owns 307,842 shares of the financial services provider’s stock valued at $45,835,000 after buying an additional 293,972 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

NYSE COF opened at $151.22 on Tuesday. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $154.18. The firm has a 50-day moving average price of $142.69 and a two-hundred day moving average price of $141.03. The company has a market capitalization of $57.49 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.08 and a beta of 1.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81.

Capital One Financial (NYSE:COF) last issued 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 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%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.52 EPS. Analysts anticipate that Capital One Financial Co. will post 13.1 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on COF shares. BTIG Research initiated coverage on shares of Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. Evercore ISI reduced their price target on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. Bank of America upped their price objective on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $147.21.

Insider Buying and Selling

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

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.