Richwood Investment Advisors LLC Lowers Position in Capital One Financial Corporation $COF

Richwood Investment Advisors LLC lessened its position in shares of Capital One Financial Corporation (NYSE:COF) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,677 shares of the financial services provider’s stock after selling 134 shares during the period. Richwood Investment Advisors LLC’s holdings in Capital One Financial were worth $782,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SteelPeak Wealth LLC grew its stake in Capital One Financial by 6.8% during the second quarter. SteelPeak Wealth LLC now owns 6,513 shares of the financial services provider’s stock worth $1,386,000 after buying an additional 412 shares during the period. Prime Capital Investment Advisors LLC raised its position in Capital One Financial by 15.5% in the second quarter. Prime Capital Investment Advisors LLC now owns 7,999 shares of the financial services provider’s stock valued at $1,702,000 after purchasing an additional 1,071 shares during the period. D.B. Root & Company LLC lifted its stake in shares of Capital One Financial by 6.3% during the second quarter. D.B. Root & Company LLC now owns 1,549 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 92 shares in the last quarter. Capital Advisors Inc. OK acquired a new stake in shares of Capital One Financial in the second quarter valued at about $305,000. Finally, Relyea Zuckerberg Hanson LLC purchased a new stake in shares of Capital One Financial during the 2nd quarter valued at about $627,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock worth $5,103,824 in the last 90 days. 1.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on COF. Citigroup lifted 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 note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft boosted their price target on Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a research note on Thursday, October 2nd. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada increased their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $249.44.

Capital One Financial Stock Down 0.3%

NYSE:COF opened at $213.78 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $219.29 and a 200-day moving average of $201.62. The firm has a market capitalization of $136.72 billion, a PE ratio of 109.63, a price-to-earnings-growth 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.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating 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 company’s revenue for the quarter 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. Analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given 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 dividend 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.