Belpointe Asset Management LLC Takes $956,000 Position in Capital One Financial Corporation $COF

Belpointe Asset Management LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 4,493 shares of the financial services provider’s stock, valued at approximately $956,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares in the last quarter. Olistico Wealth LLC lifted its position in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Signature Resources Capital Management LLC purchased a new stake in shares of Capital One Financial in the second quarter valued at $28,000. WPG Advisers LLC purchased a new position in Capital One Financial during the first quarter worth about $25,000. Finally, Saudi Central Bank purchased a new position in Capital One Financial during the first quarter worth about $27,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 0.2%

COF opened at $213.39 on Wednesday. The stock’s fifty day moving average is $219.29 and its 200-day moving average is $201.70. The company has a market capitalization of $136.46 billion, a PE ratio of 109.43, a P/E/G ratio of 0.79 and a beta of 1.18. 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 Corporation has a one year low of $143.22 and a one year high of $232.45.

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 for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. During the same quarter in the prior year, the firm posted $3.14 EPS. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. On average, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

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

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares of the company’s stock, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,298 shares of company stock worth $5,103,824. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on COF. UBS Group reduced their target price on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank Of Canada increased their target price on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Evercore ISI increased their target price on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Morgan Stanley increased their target price on Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Finally, Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.44.

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.