Beirne Wealth Consulting Services LLC Takes $1.27 Million Position in Capital One Financial Corporation $COF

Beirne Wealth Consulting Services LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,955 shares of the financial services provider’s stock, valued at approximately $1,266,000.

Other large investors also recently bought and sold shares of the company. Crestwood Advisors Group LLC grew its position in shares of Capital One Financial by 13.4% during the third quarter. Crestwood Advisors Group LLC now owns 5,788 shares of the financial services provider’s stock worth $1,230,000 after buying an additional 685 shares in the last quarter. NEOS Investment Management LLC lifted its stake in Capital One Financial by 44.0% in the third quarter. NEOS Investment Management LLC now owns 79,477 shares of the financial services provider’s stock worth $16,895,000 after acquiring an additional 24,291 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its holdings in Capital One Financial by 41.3% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 10,538 shares of the financial services provider’s stock worth $2,240,000 after acquiring an additional 3,080 shares in the last quarter. Holistic Financial Partners increased its position in shares of Capital One Financial by 15.6% in the 3rd quarter. Holistic Financial Partners now owns 1,205 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 163 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Capital One Financial by 222.9% in the 3rd quarter. GSA Capital Partners LLP now owns 6,558 shares of the financial services provider’s stock valued at $1,394,000 after purchasing an additional 4,527 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of a number of analyst reports. TD Cowen reiterated a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. Wells Fargo & Company upped their price objective on Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Keefe, Bruyette & Woods raised their target price on Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Morgan Stanley raised their price objective on shares of Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.70.

Insider Buying and Selling

In other news, insider Ravi Raghu sold 13,450 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $250.00, for a total value of $3,362,500.00. Following the transaction, the insider owned 30,337 shares of the company’s stock, valued at approximately $7,584,250. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total value of $500,000.00. Following the sale, the general counsel owned 92,486 shares of the company’s stock, valued at $23,121,500. This trade represents a 2.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,274 shares of company stock valued at $8,131,054 in the last quarter. 1.26% of the stock is currently owned by insiders.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $207.60 on Tuesday. The firm’s fifty day simple moving average is $233.87 and its 200-day simple moving average is $223.55. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. The stock has a market capitalization of $131.98 billion, a price-to-earnings ratio of 70.14, a PEG ratio of 0.61 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The business had revenue of $15.62 billion for the quarter, compared to analyst estimates of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The firm’s revenue for the quarter was up 53.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.67 EPS. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, February 19th. Capital One Financial’s payout ratio is 108.11%.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.