Moss Adams Wealth Advisors LLC Grows Stock Holdings in Capital One Financial Corporation $COF

Moss Adams Wealth Advisors LLC lifted its stake in Capital One Financial Corporation (NYSE:COF) by 68.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,920 shares of the financial services provider’s stock after buying an additional 783 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Capital One Financial were worth $408,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of COF. Kingstone Capital Partners Texas LLC grew 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 purchasing an additional 117,427,549 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in Capital One Financial during the 1st quarter valued at approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Capital One Financial by 45.1% during the 1st 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 valued at $838,609,000 after acquiring an additional 1,454,595 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock valued at $889,519,000 after acquiring an additional 950,415 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Capital One Financial during the first quarter valued at approximately $141,599,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares of the company’s stock, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares of the company’s stock, valued at $1,889,786.36. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 over the last 90 days. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on COF shares. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday. Redburn Atlantic upgraded shares of Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Barclays reiterated an “overweight” rating and set a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Citigroup boosted their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Capital One Financial in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $239.44.

Capital One Financial Trading Up 0.7%

Shares of Capital One Financial stock opened at $223.97 on Monday. The company has a market capitalization of $143.23 billion, a P/E ratio of 114.86, a P/E/G ratio of 0.86 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The company has a fifty day moving average of $219.28 and a 200 day moving average of $199.78. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The company’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.14 EPS. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio is 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.