Altus Wealth Group LLC Takes $291,000 Position in Capital One Financial Corporation $COF

Altus Wealth Group LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,370 shares of the financial services provider’s stock, valued at approximately $291,000.

Other institutional investors have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC lifted its holdings in shares of Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares during the last quarter. Olistico Wealth LLC lifted its holdings 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 worth $26,000 after purchasing an additional 101 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in Capital One Financial in the 2nd quarter worth approximately $27,000. Signature Resources Capital Management LLC acquired a new stake in Capital One Financial in the 2nd quarter worth approximately $28,000. Finally, WPG Advisers LLC acquired a new stake in Capital One Financial in the 1st quarter worth approximately $25,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the business’s 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 sale, the chief accounting officer owned 8,780 shares in the company, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,298 shares of company stock valued at $5,103,824. Company insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on COF. Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a report on Thursday, October 2nd. Barclays boosted their target price on Capital One Financial from $253.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Morgan Stanley lifted their price target on Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a research report on Wednesday, October 8th. Three research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.78.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $211.25 on Monday. The company has a market cap of $135.10 billion, a P/E ratio of 108.33, a P/E/G ratio of 0.76 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 12 month low of $143.22 and a 12 month high of $232.45. The business’s 50 day moving average is $219.01 and its two-hundred day moving average is $203.65.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (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 the consensus estimate of $12.72 billion. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.14 earnings per share. On average, equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

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.