Savvy Advisors Inc. Acquires Shares of 1,198 Capital One Financial Corporation (NYSE:COF)

Savvy Advisors Inc. acquired a new stake in Capital One Financial Corporation (NYSE:COF) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,198 shares of the financial services provider’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. AlphaCore Capital LLC bought a new position in Capital One Financial in the first quarter valued at approximately $60,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Capital One Financial by 10.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 674,137 shares of the financial services provider’s stock valued at $120,873,000 after buying an additional 65,842 shares during the period. Y.D. More Investments Ltd grew its holdings in shares of Capital One Financial by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider’s stock valued at $97,000 after buying an additional 66 shares during the period. Deutsche Bank AG grew its holdings in shares of Capital One Financial by 1.7% in the 1st quarter. Deutsche Bank AG now owns 1,091,808 shares of the financial services provider’s stock valued at $195,761,000 after buying an additional 18,185 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of Capital One Financial by 26.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 3,180 shares of the financial services provider’s stock valued at $593,000 after buying an additional 656 shares during the period. 89.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COF has been the subject of several research analyst reports. Barclays reissued an “overweight” rating and issued a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Wells Fargo & Company boosted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.81.

Insider Activity

In other news, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Capital One Financial Stock Up 0.5%

Shares of COF stock opened at $208.32 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 1 year low of $131.55 and a 1 year high of $232.45. The firm’s fifty day moving average price is $208.99 and its two-hundred day moving average price is $193.15. The firm has a market capitalization of $133.22 billion, a P/E ratio of 106.83, a PEG ratio of 0.82 and a beta of 1.16.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the previous year, the firm posted $3.14 earnings per share. The firm’s quarterly revenue was up 31.4% on a year-over-year basis. On average, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. 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.