Frank Rimerman Advisors LLC Has $523,000 Stock Holdings in Capital One Financial Co. (NYSE:COF)

Frank Rimerman Advisors LLC grew its stake in Capital One Financial Co. (NYSE:COF) by 16,334.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,780 shares of the financial services provider’s stock after acquiring an additional 3,757 shares during the period. Frank Rimerman Advisors LLC’s holdings in Capital One Financial were worth $523,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on COF shares. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. Citigroup initiated coverage on Capital One Financial in a research note on Friday. They set a “buy” rating and a $190.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. Bank of America upped their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, BTIG Research assumed coverage on shares of Capital One Financial in a research note 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. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Hold” and a consensus price target of $147.21.

Insider Buying and Selling at Capital One Financial

In other news, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial Stock Performance

COF opened at $151.22 on Tuesday. The firm has a market cap of $57.49 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. The business’s fifty day moving average is $142.69 and its 200-day moving average is $141.03. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $154.18. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the business earned $3.52 earnings per share. Capital One Financial’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts expect that Capital One Financial Co. will post 13.1 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s payout ratio is presently 18.79%.

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.