Valmark Advisers Inc. Invests $602,000 in Capital One Financial Corporation $COF

Valmark Advisers Inc. acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,831 shares of the financial services provider’s stock, valued at approximately $602,000.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in Capital One Financial in the 1st quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC increased its stake in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 101 shares in the last quarter. Saudi Central Bank purchased a new position in Capital One Financial in the 1st quarter valued at approximately $27,000. Finally, RMG Wealth Management LLC purchased a new position in Capital One Financial in the 2nd quarter valued at approximately $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the transaction, the general counsel owned 98,486 shares in the company, valued at $20,878,047.14. The trade was a 1.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock worth $5,103,824 over the last ninety days. 1.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COF. Truist Financial raised their price objective on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Evercore ISI raised their price target on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. JPMorgan Chase & Co. dropped their price target on Capital One Financial from $248.00 to $235.00 and set a “neutral” rating for the company in a research report on Tuesday. Barclays raised their price target on Capital One Financial from $253.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, UBS Group dropped their price target on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $250.44.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $210.50 on Friday. The company has a market cap of $134.62 billion, a P/E ratio of 107.95, a P/E/G ratio of 0.78 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The business has a fifty day simple moving average of $219.12 and a 200-day simple moving average of $201.98.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data 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 business had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. Capital One Financial’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.14 EPS. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is presently 123.08%.

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.