Legacy Capital Wealth Partners LLC Has $710,000 Holdings in Capital One Financial Corporation $COF

Legacy Capital Wealth Partners LLC increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 62.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,336 shares of the financial services provider’s stock after purchasing an additional 1,284 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Capital One Financial were worth $710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC grew 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 buying an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. lifted its stake in Capital One Financial by 74.8% in the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after acquiring an additional 24,129,990 shares during the last quarter. Geode Capital Management LLC grew its holdings in Capital One Financial by 64.1% during the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares during the period. Norges Bank acquired a new position in shares of Capital One Financial during the 2nd quarter worth approximately $1,701,511,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Capital One Financial by 41.3% in the second quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock valued at $1,491,676,000 after purchasing an additional 2,050,010 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total transaction of $438,820.00. Following the completion of the sale, the general counsel owned 96,486 shares in the company, valued at approximately $21,169,993.26. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Neal Blinde sold 43,200 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the sale, the insider owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This represents a 37.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 274,013 shares of company stock worth $61,045,903 in the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on COF shares. TD Cowen increased their target price on Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Evercore ISI lifted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Morgan Stanley increased their target price on shares of Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. HSBC raised their price objective on Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Finally, 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, October 22nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Trading Up 0.3%

NYSE:COF opened at $218.09 on Friday. The firm has a fifty day simple moving average of $215.56 and a two-hundred day simple moving average of $212.39. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $138.65 billion, a price-to-earnings ratio of 92.02, a PEG ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The firm had revenue of $15.46 billion during the quarter. Analysts expect 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 dividend of $0.80 per share. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 135.02%.

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.