Brookstone Capital Management Grows Position in Capital One Financial Corporation $COF

Brookstone Capital Management raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 295.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,557 shares of the financial services provider’s stock after buying an additional 10,877 shares during the quarter. Brookstone Capital Management’s holdings in Capital One Financial were worth $3,097,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Kingstone Capital Partners Texas LLC grew its holdings in shares of Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after buying an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Capital One Financial by 1.6% during the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock worth $5,782,590,000 after buying an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Capital One Financial by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock worth $889,519,000 after buying an additional 950,415 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Capital One Financial by 18.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $854,647,000 after buying an additional 734,939 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Capital One Financial by 45.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock worth $838,609,000 after buying an additional 1,454,595 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

COF has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday. Truist Financial upped their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, September 12th. The Goldman Sachs Group upped their price objective on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group dropped their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, TD Cowen upped their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.79.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction dated Tuesday, August 12th. The stock was 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 represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,184 shares of company stock valued at $2,799,248 over the last 90 days. 1.26% of the stock is owned by company insiders.

Capital One Financial Trading Down 0.2%

Shares of COF stock opened at $219.94 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a market cap of $140.65 billion, a PE ratio of 92.80, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. The company has a 50-day moving average of $219.19 and a two-hundred day moving average of $204.75. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, topping the consensus estimate of $4.25 by $1.70. The company had revenue of $15.36 billion during the quarter, compared to analyst estimates of $15.06 billion. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Capital One Financial’s revenue was up 53.4% compared to the same quarter last year. During the same quarter last year, the firm posted $4.51 earnings per share. On average, analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend 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%.

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.