Cassaday & Co Wealth Management LLC Has $2.24 Million Stock Position in Capital One Financial Corporation $COF

Cassaday & Co Wealth Management LLC grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 41.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,538 shares of the financial services provider’s stock after purchasing an additional 3,080 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Capital One Financial were worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. 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 worth $11,995,603,000 after buying an additional 24,129,990 shares during the last quarter. State Street Corp raised its stake in shares of Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after acquiring an additional 10,776,843 shares in the last quarter. Norges Bank bought a new position in shares of Capital One Financial in the 2nd quarter valued at approximately $1,701,511,000. Geode Capital Management LLC lifted its holdings in Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares during the last quarter. Finally, Boston Partners bought a new stake in Capital One Financial during the second quarter worth approximately $534,777,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on COF shares. Morgan Stanley lifted their price target on shares of Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Jefferies Financial Group raised their target price on shares of Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Barclays cut their target price on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a research note on Tuesday, January 6th. One equities research analyst has 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 stock currently has an average rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial Stock Performance

NYSE:COF opened at $207.60 on Tuesday. The firm’s 50-day moving average is $233.87 and its 200-day moving average is $223.55. The company has a market cap 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 quick ratio of 1.04 and a current ratio of 1.04. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the previous year, the business posted $2.67 EPS. The firm’s quarterly revenue was up 53.3% on a year-over-year basis. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, February 19th. Capital One Financial’s dividend payout ratio is presently 108.11%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Ravi Raghu sold 13,450 shares of Capital One Financial stock in a transaction on Monday, January 5th. The shares were sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the sale, the insider owned 30,337 shares in the company, valued at $7,584,250. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Celia Karam sold 2,936 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $640,488.40. Following the completion of the sale, the insider directly owned 63,433 shares in the company, valued at $13,837,908.95. This trade represents a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 34,274 shares of company stock valued at $8,131,054 in the last ninety days. 1.26% of the stock is owned by company insiders.

Capital One Financial 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.