Diversify Wealth Management LLC Raises Stock Holdings in Capital One Financial Corporation $COF

Diversify Wealth Management LLC boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 409.9% during the first quarter, Holdings Channel.com reports. The firm owned 8,587 shares of the financial services provider’s stock after purchasing an additional 6,903 shares during the quarter. Diversify Wealth Management LLC’s holdings in Capital One Financial were worth $1,639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COF. Vanguard Group Inc. raised its holdings in Capital One Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after purchasing an additional 360,071 shares in the last quarter. Franklin Resources Inc. lifted its position in Capital One Financial by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock valued at $3,023,795,000 after acquiring an additional 638,158 shares during the last quarter. Morgan Stanley grew its holdings in Capital One Financial by 3.9% in the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after purchasing an additional 323,350 shares during the last quarter. Norges Bank acquired a new position in shares of Capital One Financial during the fourth quarter worth $2,089,803,000. Finally, Davis Selected Advisers increased its position in shares of Capital One Financial by 2.8% during the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after purchasing an additional 234,649 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other news, insider Celia Karam sold 1,749 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the transaction, the insider directly owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the transaction, the general counsel owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. The trade was a 3.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 8,749 shares of company stock valued at $1,708,577. 0.78% of the stock is currently owned by insiders.

More Capital One Financial News

Here are the key news stories impacting Capital One Financial this week:

• Positive Sentiment: JPMorgan raised its price target on Capital One Financial (COF) to $245 from $215 and kept an Overweight rating, signaling confidence in further upside. Capital One Financial PT Raised by JPMorgan Chase & Co.
• Positive Sentiment: Another analyst note highlighted Capital One among Monday’s notable Wall Street calls, adding to the constructive sentiment around the stock ahead of earnings. Monday’s Best Wall Street Analyst Research Calls
• Neutral Sentiment: Capital One is expected to report quarterly results on Tuesday, keeping the stock in focus as investors position ahead of the announcement. Capital One Financial Expected to Announce Earnings on Tuesday
• Neutral Sentiment: Zacks said Capital One’s upcoming Q2 earnings are expected to decline and flagged limited odds of a beat, which may temper enthusiasm into the report. Earnings Preview: Capital One (COF) Q2 Earnings Expected to Decline

Capital One Financial Trading Up 1.2%

NYSE COF opened at $205.40 on Wednesday. The company has a fifty day simple moving average of $192.40 and a two-hundred day simple moving average of $202.48. The stock has a market cap of $127.82 billion, a P/E ratio of 72.07, a P/E/G ratio of 0.73 and a beta of 1.02. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). The company had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company’s quarterly revenue was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.06 earnings per share. On average, analysts forecast that Capital One Financial Corporation will post 19.54 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s payout ratio is currently 112.28%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays set a $242.00 price objective on Capital One Financial in a research report on Tuesday, July 7th. Piper Sandler assumed coverage on Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 target price on the stock. Evercore decreased their price target on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. Rothschild & Co Redburn lowered their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research note on Wednesday, June 24th. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.91.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.