RMG Wealth Management LLC Invests $27,000 in Capital One Financial Corporation $COF

RMG Wealth Management LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 126 shares of the financial services provider’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC lifted its stake in shares of Capital One Financial by 588,668.3% in 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 acquiring an additional 117,427,549 shares during the period. Vanguard Group Inc. lifted its stake in shares of Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock worth $5,782,590,000 after acquiring an additional 506,105 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock worth $889,519,000 after acquiring an additional 950,415 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $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 shares of Capital One Financial by 45.1% in the first 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 worth $838,609,000 after acquiring an additional 1,454,595 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Insider Transactions at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s 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 sale, the general counsel owned 98,486 shares in the company, valued at approximately $20,878,047.14. This represents a 1.99% 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 Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value 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. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,298 shares of company stock worth $5,103,824. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of recent analyst reports. UBS Group cut their price objective on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective on the stock. Evercore ISI lifted their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods boosted their price target on Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Finally, Citigroup boosted their price target on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Three 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $250.44.

Capital One Financial Trading Down 0.2%

NYSE COF opened at $213.39 on Wednesday. The company has a market cap of $136.46 billion, a price-to-earnings ratio of 109.43, a P/E/G ratio of 0.79 and a beta of 1.18. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The business has a 50 day moving average price of $219.29 and a 200-day moving average price of $201.70. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The company’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.14 EPS. As a group, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial’s payout ratio is currently 123.08%.

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.