D.A. Davidson & CO. Boosts Holdings in Capital One Financial Corporation $COF

D.A. Davidson & CO. raised its position in shares of Capital One Financial Corporation (NYSE:COF) by 21.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,311 shares of the financial services provider’s stock after purchasing an additional 12,007 shares during the quarter. D.A. Davidson & CO.’s holdings in Capital One Financial were worth $14,534,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC lifted its holdings in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC lifted its holdings in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 101 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in Capital One Financial by 66.7% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. RMG Wealth Management LLC purchased a new position in Capital One Financial during the second quarter valued at approximately $27,000. Finally, Signature Resources Capital Management LLC purchased a new position in Capital One Financial during the second quarter valued at approximately $28,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

COF stock opened at $220.17 on Thursday. The company has a market capitalization of $140.80 billion, a PE ratio of 92.90, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The company’s fifty day moving average price is $219.21 and its 200-day moving average price is $204.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 12.18%. The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. During the same period last year, the company posted $4.51 EPS. The business’s revenue was up 53.4% on a year-over-year basis. On average, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio is currently 123.08%.

Analyst Ratings Changes

Several brokerages have weighed in on COF. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a report on Friday, August 1st. They set a “buy” rating and a $290.00 price target on the stock. Wolfe Research boosted their target price on shares of Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, TD Cowen boosted their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $259.16.

Insider Activity

In other news, insider Michael Zamsky sold 5,515 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the sale, the chief accounting officer owned 8,780 shares in the company, valued at $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,184 shares of company stock worth $2,799,248. 1.26% of the stock is currently owned by corporate 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.