GPS Wealth Strategies Group LLC Boosts Stock Holdings in Capital One Financial Corporation $COF

GPS Wealth Strategies Group LLC raised its holdings in Capital One Financial Corporation (NYSE:COF) by 575,900.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,760 shares of the financial services provider’s stock after purchasing an additional 5,759 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Capital One Financial were worth $1,225,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in shares of Capital One Financial in the first quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC increased its stake in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Saudi Central Bank purchased a new position in shares of Capital One Financial in the first quarter worth about $27,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Capital One Financial in the second quarter worth about $27,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

COF stock opened at $220.57 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The stock has a market cap of $141.06 billion, a PE ratio of 93.07, a P/E/G ratio of 0.70 and a beta of 1.18. The firm has a 50 day simple moving average of $219.75 and a two-hundred day simple moving average of $208.93.

Capital One Financial (NYSE:COF) last released its quarterly earnings results 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 10.94%. The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. During the same quarter in the previous year, the company earned $4.51 EPS. The business’s quarterly revenue was up 53.4% compared to the same quarter last year. On average, analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio is presently 101.27%.

Insiders Place Their Bets

In other news, CAO Timothy P. Golden sold 3,462 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the sale, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard D. Fairbank sold 103,486 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $225.68, for a total transaction of $23,354,720.48. Following the transaction, the chief executive officer directly owned 4,051,228 shares in the company, valued at approximately $914,281,135.04. This represents a 2.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 111,155 shares of company stock valued at $24,998,080 in the last quarter. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on COF shares. The Goldman Sachs Group upped their target price on shares of Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Citigroup upped their target price on shares of Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. TD Cowen upped 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. Evercore ISI upped their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Finally, Truist Financial upped their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Four equities 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 company’s stock. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $261.63.

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.