Steward Partners Investment Advisory LLC Boosts Stake in Capital One Financial Corporation $COF

Steward Partners Investment Advisory LLC lifted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 43.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,956 shares of the financial services provider’s stock after buying an additional 10,047 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Capital One Financial were worth $7,012,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in shares of Capital One Financial during the 1st quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC lifted its position in Capital One Financial by 103.3% during the second 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 during the period. Olistico Wealth LLC boosted its holdings in Capital One Financial by 439.1% in the second 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. Saudi Central Bank bought a new stake in Capital One Financial in the 1st quarter worth approximately $27,000. Finally, RMG Wealth Management LLC bought a new stake in Capital One Financial in the 2nd quarter worth approximately $27,000. 89.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a report on Tuesday. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Citigroup raised their target price on Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. HSBC boosted their price target on Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Finally, Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Capital One Financial Stock Performance

NYSE:COF opened at $217.60 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50-day simple moving average of $216.00 and a two-hundred day simple moving average of $212.14. The firm has a market capitalization of $138.33 billion, a PE ratio of 91.81, a P/E/G ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The firm 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%. Analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

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

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total value of $438,820.00. Following the completion of the transaction, the general counsel owned 96,486 shares of the company’s stock, valued at approximately $21,169,993.26. This represents a 2.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard D. Fairbank sold 103,487 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total value of $22,837,511.16. Following the completion of the sale, the chief executive officer owned 4,001,228 shares of the company’s stock, valued at $882,990,995.04. The trade was a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 274,013 shares of company stock valued at $61,045,903. 1.26% of the stock is currently owned by company insiders.

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.