Scientech Research LLC Invests $228,000 in Capital One Financial Co. (NYSE:COF)

Scientech Research LLC purchased a new stake in shares of Capital One Financial Co. (NYSE:COF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,649 shares of the financial services provider’s stock, valued at approximately $228,000.

Several other large investors have also recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Capital One Financial by 21.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock worth $4,093,000 after buying an additional 4,840 shares during the last quarter. Twin Tree Management LP raised its holdings in Capital One Financial by 5.6% in the 1st quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock worth $10,200,000 after acquiring an additional 3,609 shares during the last quarter. Clear Harbor Asset Management LLC purchased a new stake in Capital One Financial during the 2nd quarter valued at $511,000. QRG Capital Management Inc. increased its holdings in shares of Capital One Financial by 3.2% in the 2nd quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock worth $16,927,000 after purchasing an additional 3,776 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Capital One Financial by 20.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,817 shares of the financial services provider’s stock worth $2,355,000 after purchasing an additional 2,675 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert M. Alexander sold 30,742 shares of Capital One Financial 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 completion of the sale, 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. Company insiders own 1.30% of the company’s stock.

Capital One Financial Stock Up 0.4 %

COF opened at $149.73 on Tuesday. The stock has a market cap of $56.93 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. 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 firm’s fifty day moving average is $142.69 and its 200 day moving average is $141.34. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $154.18.

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 for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The business had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $3.52 EPS. On average, sell-side analysts forecast that Capital One Financial Co. will post 12.91 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is currently 18.79%.

Analysts Set New Price Targets

Several equities research analysts recently commented on COF shares. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Evercore ISI reduced their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. Bank of America boosted 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 note on Wednesday, July 24th. Finally, BTIG Research began coverage on Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $147.21.

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.