Wealth Enhancement Advisory Services LLC lifted its holdings in Capital One Financial Corp. (NYSE:COF) by 37.0% in the second quarter, Holdings Channel reports. The fund owned 16,278 shares of the financial services provider’s stock after buying an additional 4,396 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Capital One Financial were worth $1,572,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. TLP Group LLC bought a new stake in shares of Capital One Financial in the 1st quarter worth approximately $103,000. Well Done LLC bought a new stake in shares of Capital One Financial in the 1st quarter worth approximately $106,000. Bedel Financial Consulting Inc. bought a new stake in shares of Capital One Financial in the 1st quarter worth approximately $107,000. Kaizen Advisory LLC lifted its holdings in shares of Capital One Financial by 161.0% in the 2nd quarter. Kaizen Advisory LLC now owns 1,198 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 739 shares during the last quarter. Finally, Psagot Investment House Ltd. raised its holdings in Capital One Financial by 98.3% during the 1st quarter. Psagot Investment House Ltd. now owns 1,190 shares of the financial services provider’s stock valued at $114,000 after buying an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.
In other news, insider Kevin S. Borgmann sold 19,117 shares of Capital One Financial stock in a transaction on Tuesday, July 24th. The stock was sold at an average price of $100.00, for a total transaction of $1,911,700.00. Following the completion of the sale, the insider now directly owns 62,567 shares in the company, valued at $6,256,700. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard D. Fairbank sold 242,090 shares of Capital One Financial stock in a transaction dated Tuesday, July 24th. The shares were sold at an average price of $99.33, for a total value of $24,046,799.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 319,022 shares of company stock valued at $31,567,674. 1.40% of the stock is currently owned by insiders.
A number of equities research analysts recently commented on COF shares. Citigroup started coverage on shares of Capital One Financial in a report on Thursday, April 5th. They set a “buy” rating and a $115.00 price target for the company. Sandler O’Neill set a $113.00 price target on shares of Capital One Financial and gave the company a “buy” rating in a report on Tuesday, April 10th. Robert W. Baird reiterated a “hold” rating on shares of Capital One Financial in a report on Wednesday, April 25th. Oppenheimer reiterated a “hold” rating on shares of Capital One Financial in a report on Tuesday, April 24th. Finally, BMO Capital Markets lowered their price target on shares of Capital One Financial from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Wednesday, April 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $110.81.
Shares of Capital One Financial stock opened at $94.47 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.06. The firm has a market cap of $45.95 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 0.80 and a beta of 1.34. Capital One Financial Corp. has a 12-month low of $76.98 and a 12-month high of $106.50.
Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, July 19th. The financial services provider reported $3.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.59. Capital One Financial had a net margin of 10.73% and a return on equity of 10.44%. The company had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.95 billion. During the same period in the prior year, the firm posted $1.96 EPS. Capital One Financial’s revenue for the quarter was up 7.3% on a year-over-year basis. analysts forecast that Capital One Financial Corp. will post 11.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 16th. Investors of record on Monday, August 6th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, August 3rd. Capital One Financial’s dividend payout ratio (DPR) is presently 20.54%.
Capital One Financial Company Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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