Moran Wealth Management LLC Invests $16.59 Million in Capital One Financial Corporation $COF

Moran Wealth Management LLC bought a new position in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, HoldingsChannel reports. The fund bought 77,988 shares of the financial services provider’s stock, valued at approximately $16,593,000.

Several other hedge funds also recently made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in shares of Capital One Financial in the 2nd quarter worth approximately $377,000. Cornerstone Wealth Group LLC grew its position in shares of Capital One Financial by 41.5% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 1,829 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 536 shares in the last quarter. Heartland Bank & Trust Co acquired a new position in shares of Capital One Financial in the 2nd quarter worth approximately $206,000. NorthRock Partners LLC grew its position in shares of Capital One Financial by 156.1% in the 2nd quarter. NorthRock Partners LLC now owns 12,156 shares of the financial services provider’s stock worth $2,586,000 after acquiring an additional 7,409 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its position in shares of Capital One Financial by 23.7% in the 2nd quarter. Verdence Capital Advisors LLC now owns 4,244 shares of the financial services provider’s stock worth $903,000 after acquiring an additional 812 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insiders Place Their Bets

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider owned 68,707 shares of the company’s stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock worth $5,103,824 over the last 90 days. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Up 2.5%

Shares of Capital One Financial stock opened at $207.55 on Tuesday. The business’s fifty day moving average price is $218.96 and its two-hundred day moving average price is $202.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $132.73 billion, a P/E ratio of 106.44, a PEG ratio of 0.74 and a beta of 1.18. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The firm’s revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.14 EPS. As a group, research analysts forecast that Capital One Financial Corporation will post 15.65 EPS 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 paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.2%. Capital One Financial’s payout ratio is presently 123.08%.

Analysts Set New Price Targets

Several research analysts have recently commented on COF shares. Royal Bank Of Canada lifted their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. TD Cowen boosted their price objective on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Evercore ISI boosted their price objective on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods boosted their price objective on Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Finally, HSBC set a $218.00 price objective on Capital One Financial and gave the company a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average price target of $252.78.

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.