RWA Wealth Partners LLC Has $1.49 Million Position in Capital One Financial Corporation $COF

RWA Wealth Partners LLC grew its position in Capital One Financial Corporation (NYSE:COF) by 19.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,982 shares of the financial services provider’s stock after purchasing an additional 1,142 shares during the period. RWA Wealth Partners LLC’s holdings in Capital One Financial were worth $1,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 10,428 shares in the last quarter. Allworth Financial LP raised its position in shares of Capital One Financial by 3.5% during the first quarter. Allworth Financial LP now owns 5,286 shares of the financial services provider’s stock worth $978,000 after purchasing an additional 178 shares during the period. Cerity Partners LLC raised its position in shares of Capital One Financial by 14.1% during the first quarter. Cerity Partners LLC now owns 104,263 shares of the financial services provider’s stock worth $18,694,000 after purchasing an additional 12,924 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Capital One Financial by 23.1% during the 1st quarter. Ballentine Partners LLC now owns 5,067 shares of the financial services provider’s stock valued at $909,000 after purchasing an additional 951 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Capital One Financial by 1.9% in the 1st quarter. Arizona State Retirement System now owns 111,880 shares of the financial services provider’s stock valued at $20,060,000 after purchasing an additional 2,045 shares during the period. 89.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Robert W. Baird upped their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Citigroup lifted their price target on Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, BTIG Research reaffirmed a “buy” rating and set a $264.00 price objective on shares of Capital One Financial in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Insider Buying and Selling at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the sale, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total transaction of $438,820.00. Following the sale, the general counsel directly owned 96,486 shares in the company, valued at $21,169,993.26. The trade was a 2.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 259,842 shares of company stock worth $57,857,467 in the last 90 days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Up 0.4%

Shares of COF opened at $217.83 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The stock has a market capitalization of $138.48 billion, a price-to-earnings ratio of 91.91, a PEG ratio of 0.70 and a beta of 1.19. The stock has a fifty day moving average of $219.28 and a 200-day moving average of $209.94.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The business had revenue of $15.46 billion for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a $0.80 dividend. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s payout ratio is currently 135.02%.

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.