Transcend Capital Advisors LLC Acquires 1,339 Shares of Capital One Financial Corporation $COF

Transcend Capital Advisors LLC grew its holdings in Capital One Financial Corporation (NYSE:COF) by 10.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,234 shares of the financial services provider’s stock after purchasing an additional 1,339 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Capital One Financial were worth $3,028,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after purchasing an additional 10,428 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Capital One Financial by 1.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,549 shares of the financial services provider’s stock valued at $1,354,000 after acquiring an additional 115 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Capital One Financial by 105.3% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 394 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Capital One Financial by 115.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 470 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 252 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Capital One Financial by 18.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock valued at $10,010,000 after acquiring an additional 9,374 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Activity

In related news, CAO Timothy P. Golden sold 207 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,184 shares of company stock worth $2,799,248 over the last three months. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Wolfe Research increased their price target 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. Evercore ISI increased their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. The Goldman Sachs Group increased their price objective on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a report on Friday. Three 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 stock. According to data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Price Performance

Shares of NYSE COF opened at $224.93 on Monday. The firm has a 50-day simple moving average of $219.38 and a 200-day simple moving average of $205.84. The stock has a market capitalization of $143.85 billion, a price-to-earnings ratio of 94.91, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $1.70. The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.51 earnings per share. On average, equities analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio is 101.27%.

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.