IFG Advisors LLC Takes Position in Capital One Financial Corporation $COF

IFG Advisors LLC bought a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,459 shares of the financial services provider’s stock, valued at approximately $2,225,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted 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 purchasing an additional 117,427,549 shares during the period. Vanguard Group Inc. raised its position in Capital One Financial by 1.6% during the 1st 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 during the last quarter. Bank of New York Mellon Corp lifted its stake in Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock valued at $889,519,000 after acquiring an additional 950,415 shares during the period. Goldman Sachs Group Inc. lifted its stake in Capital One Financial by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock valued at $854,647,000 after acquiring an additional 734,939 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Capital One Financial by 45.1% during the 1st 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 valued at $838,609,000 after acquiring an additional 1,454,595 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Trading Up 3.1%

Shares of COF stock opened at $214.08 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company’s 50-day moving average price is $219.00 and its 200-day moving average price is $202.75. The stock has a market cap of $136.91 billion, a price-to-earnings ratio of 109.78, a PEG ratio of 0.76 and a beta of 1.18.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. During the same period last year, the firm earned $3.14 earnings per share. Capital One Financial’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on COF shares. JPMorgan Chase & Co. cut their price objective on shares of Capital One Financial from $248.00 to $235.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 7th. Wells Fargo & Company increased their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Truist Financial increased their price target 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. Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a research report on Wednesday, October 8th. Finally, Citigroup lifted their price objective on Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $252.78.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Thursday, October 2nd. The stock was 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 in the company, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,298 shares of company stock worth $5,103,824. Company 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.