Foster & Motley Inc. Expands Portfolio with Capital One Investment

Foster & Motley Inc. has acquired a new stake in Capital One Financial Corporation (NYSE: COF) during the second quarter, as revealed in its latest 13F filing with the Securities and Exchange Commission (SEC). The investment firm purchased 11,002 shares of the financial services provider’s stock, valued at approximately $2,341,000.

Several institutional investors have also adjusted their positions in Capital One Financial. Notably, WPG Advisers LLC purchased a new stake valued at around $25,000 in the first quarter. Meanwhile, Moisand Fitzgerald Tamayo LLC significantly increased its stake by 103.3% in the second quarter, now owning 122 shares valued at $26,000 after acquiring an additional 62 shares. Similarly, Olistico Wealth LLC raised its stake by an impressive 439.1%, holding 124 shares after adding 101 shares during the same period. Other notable investors include the Saudi Central Bank and RMG Wealth Management LLC, both of which acquired new stakes valued at about $27,000.

Currently, institutional investors hold 89.84% of Capital One’s stock, highlighting strong confidence in the company.

Analyst Ratings and Stock Performance

Capital One Financial has attracted attention from various analysts, with Rothschild & Co Redburn initiating coverage on August 1, issuing a “buy” rating with a price target of $290.00. On September 26, Wall Street Zen upgraded the stock from “hold” to “buy.” Additionally, Morgan Stanley raised its price target from $261.00 to $267.00 on September 29, while the Royal Bank of Canada adjusted its target from $240.00 to $255.00 on July 23.

As of now, three analysts have assigned a “strong buy” rating, fourteen have given a “buy” rating, and six have classified the stock as a “hold.” According to data from MarketBeat, Capital One Financial currently holds a consensus rating of “moderate buy” with an average price target of $252.78.

The stock opened at $211.25 on Friday and has shown a robust performance, rising by 4.0%. Its market capitalization stands at $135.10 billion, with a price-to-earnings ratio of 108.33. The company has a 50-day moving average of $219.01 and a 200-day moving average of $203.37.

Recent Financial Results and Dividend Announcement

On July 22, Capital One Financial reported quarterly earnings of $5.48 per share, significantly surpassing the consensus estimate of $1.93 by $3.55. The company generated revenue of $12.49 billion during the quarter, slightly below the expected $12.72 billion, marking a year-over-year revenue increase of 31.4%.

In addition, the company declared a quarterly dividend of $0.60, paid on September 2 to investors of record as of August 15. This amounts to an annualized dividend of $2.40 and a dividend yield of 1.1%. The dividend payout ratio currently stands at 123.08%.

Insider activity has also been notable at Capital One Financial. Chief Accounting Officer Timothy P. Golden sold 3,462 shares on August 12 at an average price of $210.28, totaling $727,989.36. Following this transaction, he retains 8,987 shares valued at about $1,889,786.36. Additionally, insider Michael Zamsky sold 5,515 shares on August 4 for $1,155,888.85. Insiders have collectively sold 23,298 shares worth $5,103,824 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, providing a range of financial products and services in the United States, Canada, and the United Kingdom. The company operates through three main segments: Credit Card, Consumer Banking, and Commercial Banking.