Catalina Capital Group LLC Acquires New Position in Capital One Financial Co. (NYSE:COF)

Catalina Capital Group LLC bought a new position in Capital One Financial Co. (NYSE:COF) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,488 shares of the financial services provider’s stock, valued at approximately $206,000.

A number of other institutional investors also recently modified their holdings of COF. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in Capital One Financial during the fourth quarter valued at $2,299,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Capital One Financial by 21.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock valued at $4,093,000 after buying an additional 4,840 shares in the last quarter. Twin Tree Management LP raised its position in Capital One Financial by 5.6% during the first quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock valued at $10,200,000 after acquiring an additional 3,609 shares in the last quarter. Montag A & Associates Inc. lifted its stake in Capital One Financial by 42,536.0% in the fourth quarter. Montag A & Associates Inc. now owns 21,318 shares of the financial services provider’s stock valued at $2,795,000 after acquiring an additional 21,268 shares during the last quarter. Finally, Clear Harbor Asset Management LLC bought a new stake in Capital One Financial in the second quarter worth approximately $511,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on COF. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. Evercore ISI lowered their target price on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. Finally, Bank of America upped their price target on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $145.89.

Capital One Financial Price Performance

COF traded up $3.06 during trading on Friday, hitting $142.54. The company’s stock had a trading volume of 2,885,998 shares, compared to its average volume of 2,503,656. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $153.35. The stock has a market capitalization of $54.19 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The firm’s 50 day moving average price is $140.14 and its two-hundred day moving average price is $139.82.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share 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 company had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the business posted $3.52 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that Capital One Financial Co. will post 13.17 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company 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. The ex-dividend date was Monday, August 12th. This represents a $2.40 annualized dividend and a yield of 1.68%. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Buying and Selling at Capital One Financial

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