AlphaCore Capital LLC Has $231,000 Position in Capital One Financial Corporation $COF

AlphaCore Capital LLC grew its position in Capital One Financial Corporation (NYSE:COF) by 226.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,087 shares of the financial services provider’s stock after acquiring an additional 754 shares during the period. AlphaCore Capital LLC’s holdings in Capital One Financial were worth $231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its holdings in Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after purchasing an additional 117,427,549 shares during the period. Vanguard Group Inc. lifted its position in shares of Capital One Financial by 74.8% in the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after buying an additional 24,129,990 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after buying an additional 5,474,328 shares during the last quarter. Boston Partners bought a new position in shares of Capital One Financial during the 2nd quarter worth approximately $533,486,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Capital One Financial by 41.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock worth $1,491,676,000 after acquiring an additional 2,050,010 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. TD Cowen increased their price target on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Morgan Stanley upped their price objective on shares of Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. HSBC increased their price objective on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Zacks Research raised shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Insiders Place Their Bets

In related news, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the sale, the insider directly owned 73,020 shares of the company’s stock, valued at $16,198,026.60. This trade represents a 37.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total value of $438,820.00. Following the completion of the transaction, the general counsel owned 96,486 shares in the company, valued at approximately $21,169,993.26. This represents a 2.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 274,013 shares of company stock valued at $61,045,903 in the last quarter. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Trading Up 2.6%

COF opened at $214.37 on Wednesday. The stock has a market capitalization of $136.28 billion, a price-to-earnings ratio of 90.45, a P/E/G ratio of 0.70 and a beta of 1.19. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company has a 50-day simple moving average of $216.16 and a 200 day simple moving average of $212.11.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion for the quarter. Analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $0.80 per share. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s payout ratio is presently 135.02%.

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.