Wealth Enhancement Advisory Services LLC bought a new stake in shares of Capital One Financial Corp. (NYSE:COF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,818 shares of the financial services provider’s stock, valued at approximately $2,115,000.
Several other large investors have also bought and sold shares of COF. Parkside Financial Bank & Trust lifted its stake in Capital One Financial by 78.6% in the 1st quarter. Parkside Financial Bank & Trust now owns 384 shares of the financial services provider’s stock valued at $31,000 after buying an additional 169 shares in the last quarter. Braun Bostich & Associates Inc. purchased a new position in Capital One Financial in the 1st quarter worth approximately $37,000. Coastal Capital Group Inc. purchased a new position in Capital One Financial in the 2nd quarter worth approximately $39,000. Camarda Financial Advisors LLC lifted its stake in Capital One Financial by 318.9% in the 2nd quarter. Camarda Financial Advisors LLC now owns 444 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 338 shares in the last quarter. Finally, JNBA Financial Advisors purchased a new position in Capital One Financial in the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 88.28% of the company’s stock.
COF has been the topic of a number of research reports. Deutsche Bank reissued a “hold” rating and issued a $98.00 target price on shares of Capital One Financial in a research note on Monday, July 8th. ValuEngine lowered shares of Capital One Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $95.00 to $115.00 in a research note on Tuesday, May 14th. Morgan Stanley set a $99.00 target price on shares of Capital One Financial and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, Credit Suisse Group set a $118.00 target price on shares of Capital One Financial and gave the stock a “buy” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. Capital One Financial presently has a consensus rating of “Hold” and a consensus price target of $105.11.
Shares of COF stock traded up $0.50 during trading on Thursday, hitting $83.95. 1,270,773 shares of the stock traded hands, compared to its average volume of 3,370,918. The company has a market capitalization of $40.31 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 0.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s fifty day moving average price is $90.99. Capital One Financial Corp. has a 52-week low of $69.90 and a 52-week high of $101.26.
Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $3.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.53. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $7.01 billion. Capital One Financial had a net margin of 17.50% and a return on equity of 10.68%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.71 EPS. On average, equities analysts forecast that Capital One Financial Corp. will post 11.49 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, August 2nd. Capital One Financial’s payout ratio is presently 14.71%.
In other news, Director Bradford H. Warner sold 4,000 shares of Capital One Financial stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $85.98, for a total transaction of $343,920.00. Following the sale, the director now owns 57,930 shares of the company’s stock, valued at approximately $4,980,821.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael J. Wassmer sold 8,212 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $95.03, for a total transaction of $780,386.36. Following the sale, the insider now directly owns 84,679 shares in the company, valued at approximately $8,047,045.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,149 shares of company stock worth $5,053,283. Corporate insiders own 1.43% of the company’s stock.
Capital One Financial Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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