Ewa LLC Acquires New Stake in Capital One Financial Corporation $COF

Ewa LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,262 shares of the financial services provider’s stock, valued at approximately $268,000.

Several other institutional investors have also bought and sold shares of COF. Brighton Jones LLC lifted its stake in Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after purchasing an additional 10,428 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Capital One Financial during the first quarter worth $142,000. Merit Financial Group LLC lifted its position in shares of Capital One Financial by 56.1% during the first quarter. Merit Financial Group LLC now owns 6,142 shares of the financial services provider’s stock worth $1,101,000 after acquiring an additional 2,207 shares in the last quarter. Whipplewood Advisors LLC lifted its position in shares of Capital One Financial by 1,297.4% during the first quarter. Whipplewood Advisors LLC now owns 1,090 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 1,012 shares in the last quarter. Finally, Richard P Slaughter Associates Inc purchased a new stake in shares of Capital One Financial during the first quarter worth $231,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on COF. Keefe, Bruyette & Woods increased their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Rothschild & Co Redburn began coverage on Capital One Financial in a research report on Friday, August 1st. They set a “buy” rating and a $290.00 target price on the stock. Barclays restated an “overweight” rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Truist Financial increased their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.29.

Capital One Financial Trading Up 0.5%

Capital One Financial stock opened at $213.55 on Thursday. The stock has a market cap of $136.57 billion, a P/E ratio of 109.51, a PEG ratio of 0.81 and a beta of 1.18. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The firm’s fifty day moving average price is $219.22 and its 200-day moving average price is $200.32. 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 (NYSE:COF) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.14 EPS. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced 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 is currently 123.08%.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company’s stock, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the transaction, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 in the last three months. Insiders own 1.26% of the company’s stock.

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.