Capital One Financial Corporation $COF Shares Bought by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 270.8% in the 2nd quarter, Holdings Channel reports. The firm owned 4,872 shares of the financial services provider’s stock after acquiring an additional 3,558 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Capital One Financial were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in COF. WPG Advisers LLC acquired a new stake in Capital One Financial in the first quarter worth $25,000. Moisand Fitzgerald Tamayo LLC grew its position in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 62 shares during the last quarter. Saudi Central Bank acquired a new stake in shares of Capital One Financial in the 1st quarter worth about $27,000. Signature Resources Capital Management LLC bought a new stake in Capital One Financial in the 2nd quarter valued at about $28,000. Finally, Beacon Capital Management LLC boosted its stake in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 97 shares during the period. Institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on Capital One Financial from $240.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank Of Canada increased their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a research note on Saturday, September 27th. Barclays reiterated an “overweight” rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, TD Cowen raised Capital One Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $249.06.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $214.39 on Friday. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The firm has a market cap of $137.10 billion, a P/E ratio of 109.94, a PEG ratio of 0.82 and a beta of 1.18. The stock has a fifty day moving average price of $219.30 and a two-hundred day moving average price of $201.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter last year, the company earned $3.14 EPS. The company’s quarterly revenue was up 31.4% compared to the same quarter last year. Research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial’s payout ratio is currently 123.08%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the transaction, the chief accounting officer owned 8,780 shares in the company, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock valued at $5,103,824 over the last quarter. Company insiders own 1.26% of the company’s stock.

Capital One Financial 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.