Silverlake Wealth Management LLC Acquires New Shares in Capital One Financial Corporation $COF

Silverlake Wealth Management LLC acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,293 shares of the financial services provider’s stock, valued at approximately $488,000.

A number of other institutional investors and hedge funds have also bought and sold shares of COF. Kingstone Capital Partners Texas LLC increased its stake in shares of Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after buying an additional 117,427,549 shares during the period. Vanguard Group Inc. grew its holdings in Capital One Financial by 74.8% during the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after acquiring an additional 24,129,990 shares during the last quarter. State Street Corp increased its position in Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after acquiring an additional 10,776,843 shares during the period. Geode Capital Management LLC increased its position in Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after acquiring an additional 5,474,328 shares during the period. Finally, Norges Bank bought a new position in shares of Capital One Financial during the second quarter valued at $1,701,511,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.7%

Shares of Capital One Financial stock opened at $237.71 on Monday. The stock’s 50-day moving average is $217.78 and its 200 day moving average is $215.25. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $243.31. The firm has a market cap of $151.12 billion, a price-to-earnings ratio of 100.30, a PEG ratio of 0.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) 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%. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a dividend of $0.80 per share. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. Capital One Financial’s payout ratio is currently 135.02%.

Insiders Place Their Bets

In other news, insider Lia Dean sold 3,269 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $713,132.35. Following the completion of the sale, the insider directly owned 69,855 shares in the company, valued at $15,238,868.25. This trade represents a 4.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Frank G. LapradeIii sold 17,840 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the completion of the sale, the insider directly owned 48,315 shares of the company’s stock, valued at $10,727,379.45. The trade was a 26.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 280,218 shares of company stock valued at $62,395,804. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on COF. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 8th. Cowen reissued a “buy” rating on shares of Capital One Financial in a research note on Wednesday, November 26th. Robert W. Baird raised their price objective on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research lowered Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $262.70.

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.