Foster & Motley Inc. Expands Holdings with Capital One Financial Stake

Foster & Motley Inc. has acquired a new stake in Capital One Financial Corporation (NYSE: COF), as revealed in its most recent 13F filing with the U.S. Securities and Exchange Commission (SEC). During the second quarter, the investment firm purchased 11,002 shares of the financial services provider, valued at approximately $2.34 million.

Other institutional investors have also made movements regarding their positions in Capital One. WPG Advisers LLC established a new stake during the first quarter, valued at around $25,000. Additionally, Moisand Fitzgerald Tamayo LLC increased its stake by an impressive 103.3% during the second quarter, now holding 122 shares worth approximately $26,000 after acquiring 62 additional shares. Olistico Wealth LLC significantly boosted its stake by 439.1%, now owning 124 shares valued at $26,000 following a purchase of 101 shares. The Saudi Central Bank also invested in Capital One during the first quarter, with a stake valued at about $27,000. RMG Wealth Management LLC likewise entered a new position in the second quarter with a similar investment of $27,000. Currently, institutional investors collectively hold 89.84% of Capital One’s stock.

Analyst Ratings and Market Performance

Capital One has recently attracted the attention of analysts, with several changes in ratings. On August 1st, Rothschild & Co Redburn initiated coverage with a “buy” rating and a price target of $290.00. Wall Street Zen upgraded the stock from “hold” to “buy” on September 26th. Morgan Stanley adjusted their price target from $261.00 to $267.00, maintaining an “overweight” rating on September 29th. The Royal Bank of Canada raised its target from $240.00 to $255.00 and assigned a “sector perform” rating on July 23rd. Redburn Atlantic also upgraded the stock to a “strong-buy” rating.

Currently, three analysts have rated Capital One with a “Strong Buy,” fourteen have issued a “Buy” rating, and six have assigned a “Hold” rating. According to data from MarketBeat, the consensus rating stands at “Moderate Buy” with an average price target of $252.78.

As of the latest trading session on Friday, COF stock opened at $211.25, reflecting a rise of 4.0%. The company maintains a current ratio of 1.02, a quick ratio of 1.02, and a debt-to-equity ratio of 0.47. Over the past year, Capital One’s stock has fluctuated between a low of $143.22 and a high of $232.45.

Quarterly Earnings and Dividends

Capital One Financial announced its quarterly earnings on July 22nd, reporting earnings per share (EPS) of $5.48, surpassing the consensus estimate of $1.93 by $3.55. The company generated revenue of $12.49 billion for the quarter, slightly below the expected $12.72 billion, but marking an impressive 31.4% increase from the previous year. Analysts predict that the company will post an EPS of $15.65 for the current fiscal year.

On September 2nd, Capital One also disclosed a quarterly dividend of $0.60, amounting to an annualized dividend of $2.40 and a yield of 1.1%. The dividend payout ratio currently stands at 123.08%, reflecting the company’s commitment to returning value to shareholders.

Recent insider trading activity has seen notable sales. Chief Accounting Officer Timothy P. Golden sold 3,462 shares on August 12th for an average price of $210.28, totaling approximately $727,989.36. Post-sale, Golden holds 8,987 shares valued at around $1.89 million, representing a 27.81% decrease in ownership. Similarly, insider Michael Zamsky sold 5,515 shares on August 4th for approximately $1.16 million, reducing their position by 16.77% to 27,364 shares worth about $5.74 million. In total, insiders have sold 23,298 shares valued at $5.10 million in the past ninety days, with insiders currently holding 1.26% of the stock.

Capital One Financial Corporation operates as a financial services holding company based in the United States, with operations extending to Canada and the United Kingdom. The company provides a variety of financial products and services through its segments: Credit Card, Consumer Banking, and Commercial Banking.