Jaffetilchin Invests $207,000 in Capital One Financial Shares

During the second quarter of 2023, Jaffetilchin Investment Partners LLC acquired a stake in Capital One Financial Corporation (NYSE:COF), investing approximately $207,000 for 972 shares of the company. This acquisition was revealed in the firm’s latest disclosure to the Securities and Exchange Commission (SEC). The investment aligns with a trend as multiple hedge funds and institutional investors have recently adjusted their positions in this financial services provider.

Eagle Bay Advisors LLC increased its stake in Capital One Financial by 3.6%, now holding 1,407 shares valued at $299,000 after purchasing an additional 49 shares. Similarly, Cantor Fitzgerald Investment Advisors L.P. raised its holdings by 0.3%, resulting in ownership of 16,603 shares worth approximately $3.5 million. Atlantic Edge Private Wealth Management LLC made a significant move, boosting its holdings by 66.7% to 125 shares, valued at $27,000.

Culbertson A N & Co. Inc. also increased its stake by 0.4%, now owning 11,365 shares worth $2.4 million. TFB Advisors LLC raised its holdings by 3.4%, bringing their total to 1,539 shares, valued at $276,000. Notably, hedge funds and institutional investors collectively own 89.84% of Capital One Financial’s stock.

Analyst Ratings and Future Projections

Capital One Financial has been the subject of various analyst reports recently. Robert W. Baird increased its price target from $245.00 to $270.00, rating the stock as “outperform.” Weiss Ratings maintained a “hold (c)” rating, while Evercore ISI raised its price objective from $240.00 to $255.00, also giving an “outperform” rating. BTIG Research reaffirmed a “buy” rating with a target price of $264.00, and UBS Group slightly adjusted its target down to $266.00 while maintaining a “buy” rating.

The consensus among analysts shows a favorable outlook, with four rating the stock as a Strong Buy, fifteen as Buy, and six as Hold. According to MarketBeat.com, Capital One has a consensus rating of “Moderate Buy” with an average target price of $261.63.

Insider Transactions and Stock Performance

In other developments, CEO Richard D. Fairbank sold 103,487 shares on November 4, 2023, for a total of approximately $22.8 million, reducing his ownership by 2.52%. Following the sale, he retains 4,001,228 shares valued at nearly $883 million. General Counsel Matthew W. Cooper also sold 2,000 shares on the same day, generating around $438,820.00.

Over the past ninety days, insiders have sold a total of 274,013 shares, amounting to approximately $61 million. Currently, insiders own 1.26% of the company’s stock.

On the trading front, Capital One Financial shares opened at $214.37. The company has experienced a 2.6% increase recently, with a fifty-day moving average price of $216.16 and a two-hundred-day moving average of $212.11. The stock has ranged from a fifty-two week low of $143.22 to a high of $232.45.

The market capitalization stands at $136.28 billion, with a price-to-earnings (P/E) ratio of 90.45 and a price-to-earnings-growth (PEG) ratio of 0.70. Additionally, the company maintains a debt-to-equity ratio of 0.45.

Capital One Financial recently reported quarterly earnings, revealing a $5.95 earnings per share (EPS) for the quarter ending November 3, 2023. The company recorded a net margin of 2.24% and a return on equity of 10.94%, with revenue totaling $15.46 billion.

On December 1, 2023, Capital One Financial will pay a quarterly dividend of $0.80 to investors of record as of November 17, 2023. This marks an increase from the previous quarterly dividend of $0.60. The annualized dividend now stands at $3.20, offering a yield of 1.5%, despite a dividend payout ratio (DPR) of 135.02%.

Capital One Financial Corporation serves as a financial services holding company, providing various products and services across the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.