Baker Tilly Wealth Management LLC Sells 1,467 Shares of Capital One Financial Corporation $COF

Baker Tilly Wealth Management LLC trimmed its position in shares of Capital One Financial Corporation (NYSE:COF) by 29.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,444 shares of the financial services provider’s stock after selling 1,467 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Capital One Financial were worth $733,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. WPG Advisers LLC acquired a new stake in shares of Capital One Financial during the first quarter worth approximately $25,000. Saudi Central Bank acquired a new stake in shares of Capital One Financial during the first quarter worth approximately $27,000. Beacon Capital Management LLC increased its holdings in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock worth $32,000 after buying an additional 97 shares in the last quarter. Nova Wealth Management Inc. grew its stake in shares of Capital One Financial by 629.6% during the second quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 170 shares during the last quarter. Finally, Family Legacy Financial Solutions LLC bought a new position in Capital One Financial in the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Royal Bank Of Canada boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. Truist Financial boosted their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. TD Cowen raised shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $239.44.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $225.43 on Thursday. The company’s 50 day moving average price is $218.34 and its two-hundred day moving average price is $197.06. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The firm has a market cap of $144.17 billion, a PE ratio of 115.61, a PEG ratio of 0.86 and a beta of 1.17. 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 (NYSE:COF) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the previous year, the company earned $3.14 EPS. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. Equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the transaction, the general counsel directly owned 100,486 shares of the company’s stock, valued at $22,448,572.40. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is owned by insiders.

About Capital One Financial

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.