Focus Partners Wealth Boosts Stock Position in Capital One Financial Corporation $COF

Focus Partners Wealth grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,582 shares of the financial services provider’s stock after buying an additional 1,007 shares during the period. Focus Partners Wealth’s holdings in Capital One Financial were worth $4,229,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in Capital One Financial during the 1st quarter valued at approximately $25,000. Saudi Central Bank bought a new stake in Capital One Financial during the 1st quarter valued at approximately $27,000. Beacon Capital Management LLC raised its stake in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 97 shares during the period. Bogart Wealth LLC raised its stake in Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 243 shares during the period. Finally, Motco raised its stake in Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 137 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares of the company’s stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel directly owned 100,486 shares of the company’s stock, valued at $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 over the last ninety days. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on COF. Rothschild & Co Redburn began coverage on Capital One Financial in a research note on Friday, August 1st. They set a “buy” rating and a $290.00 target price on the stock. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Citigroup lifted their target price on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Finally, Bank of America lifted their price objective on Capital One Financial from $223.00 to $233.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.44.

Capital One Financial Stock Down 0.3%

Shares of COF opened at $223.59 on Monday. The firm has a market capitalization of $142.99 billion, a P/E ratio of 114.66, a P/E/G ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a 12-month low of $137.64 and a 12-month high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $217.89 and a 200-day moving average price of $196.49.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.14 earnings per share. Equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s payout ratio is currently 123.08%.

About Capital One Financial

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.