Capital One Financial Corporation $COF Shares Bought by Bernard Wealth Management Corp.

Bernard Wealth Management Corp. raised its holdings in Capital One Financial Corporation (NYSE:COF) by 433.3% in the second quarter, Holdings Channel reports. The fund owned 1,600 shares of the financial services provider’s stock after buying an additional 1,300 shares during the period. Bernard Wealth Management Corp.’s holdings in Capital One Financial were worth $340,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. KFA Private Wealth Group LLC acquired a new stake in Capital One Financial in the 2nd quarter valued at about $287,000. Eastern Bank grew its stake in shares of Capital One Financial by 328.9% in the 2nd quarter. Eastern Bank now owns 1,248 shares of the financial services provider’s stock valued at $266,000 after buying an additional 957 shares during the period. Aberdeen Group plc grew its stake in shares of Capital One Financial by 76.2% in the 2nd quarter. Aberdeen Group plc now owns 479,609 shares of the financial services provider’s stock valued at $102,042,000 after buying an additional 207,455 shares during the period. Acima Private Wealth LLC grew its stake in shares of Capital One Financial by 1,995.0% in the 2nd quarter. Acima Private Wealth LLC now owns 2,095 shares of the financial services provider’s stock valued at $446,000 after buying an additional 1,995 shares during the period. Finally, JFS Wealth Advisors LLC grew its stake in shares of Capital One Financial by 144.0% in the 2nd quarter. JFS Wealth Advisors LLC now owns 344 shares of the financial services provider’s stock valued at $73,000 after buying an additional 203 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $202.37 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $129.42 billion, a P/E ratio of 103.78, a PEG ratio of 0.77 and a beta of 1.18. The company has a 50 day moving average price of $219.02 and a 200 day moving average price of $202.11. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.14 EPS. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider owned 27,364 shares of the company’s stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on COF shares. Royal Bank Of Canada increased their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Wells Fargo & Company increased their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. HSBC set a $218.00 price target on shares of Capital One Financial and gave the company a “hold” rating in a research note on Friday. Finally, Barclays increased their price target on shares of Capital One Financial from $253.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $252.78.

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.