Three Bridge Wealth Advisors LLC Makes New Investment in Capital One Financial Corporation $COF

Three Bridge Wealth Advisors LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,112 shares of the financial services provider’s stock, valued at approximately $237,000.

A number of other institutional investors have also recently bought and sold shares of the business. Merit Financial Group LLC boosted its stake in Capital One Financial by 243.4% during the second quarter. Merit Financial Group LLC now owns 21,093 shares of the financial services provider’s stock worth $4,488,000 after buying an additional 14,951 shares in the last quarter. Keudell Morrison Wealth Management acquired a new stake in Capital One Financial during the second quarter worth $204,000. Beacon Financial Advisory LLC acquired a new stake in Capital One Financial during the second quarter worth $298,000. Iron Horse Wealth Management LLC boosted its stake in Capital One Financial by 232.6% during the second quarter. Iron Horse Wealth Management LLC now owns 153 shares of the financial services provider’s stock worth $33,000 after buying an additional 107 shares in the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in Capital One Financial during the second quarter worth $734,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.3%

COF stock opened at $214.39 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The stock has a market capitalization of $137.10 billion, a price-to-earnings ratio of 109.94, a PEG ratio of 0.82 and a beta of 1.18. The business’s fifty day moving average price is $219.30 and its two-hundred day moving average price is $201.16.

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

Capital One Financial Announces Dividend

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

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This represents a 1.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

COF has been the subject of a number of research analyst reports. Rothschild & Co Redburn initiated coverage on Capital One Financial in a report on Friday, August 1st. They issued a “buy” rating and a $290.00 price target for the company. Truist Financial lifted their price target on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, September 12th. The Goldman Sachs Group dropped their price objective on Capital One Financial from $276.00 to $266.00 and set a “buy” rating for the company in a report on Friday. Robert W. Baird boosted their price objective on Capital One Financial from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Royal Bank Of Canada boosted 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. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.06.

Capital One Financial Company 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.