Capital One Financial Corporation $COF Shares Acquired by Verus Financial Partners Inc.

Verus Financial Partners Inc. raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 12.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,349 shares of the financial services provider’s stock after acquiring an additional 251 shares during the period. Verus Financial Partners Inc.’s holdings in Capital One Financial were worth $512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of COF. WPG Advisers LLC acquired a new stake in Capital One Financial during the 1st quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC lifted its stake in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares during the period. Saudi Central Bank acquired a new stake in Capital One Financial during the 1st quarter valued at approximately $27,000. Signature Resources Capital Management LLC acquired a new stake in Capital One Financial during the 2nd quarter valued at approximately $28,000. Finally, Beacon Capital Management LLC lifted its stake in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 97 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares of the company’s stock, valued at $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $2,304,576.04. Following the sale, the insider directly 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 disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 over the last three months. 1.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on COF shares. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Morgan Stanley boosted their target price on shares of Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a research note on Monday. Royal Bank Of Canada boosted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Redburn Atlantic upgraded shares of Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Capital One Financial from $215.00 to $224.00 and gave the company a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $245.67.

Capital One Financial Stock Performance

NYSE:COF opened at $213.79 on Friday. 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 $219.26 and a two-hundred day moving average of $200.65. The stock has a market capitalization of $136.72 billion, a PE ratio of 109.64, a P/E/G ratio of 0.81 and a beta of 1.18. 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 posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The business’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.14 earnings per share. As a group, research analysts forecast 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 issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio is presently 123.08%.

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.