Sachetta LLC Has $64,000 Stock Holdings in Capital One Financial Corporation $COF

Sachetta LLC increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 141.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300 shares of the financial services provider’s stock after purchasing an additional 176 shares during the quarter. Sachetta LLC’s holdings in Capital One Financial were worth $64,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS grew its holdings in Capital One Financial by 202.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 311,762 shares of the financial services provider’s stock worth $66,330,000 after acquiring an additional 208,739 shares during the last quarter. RMG Wealth Management LLC bought a new stake in shares of Capital One Financial in the 2nd quarter valued at $27,000. SteelPeak Wealth LLC lifted its position in shares of Capital One Financial by 6.8% during the 2nd quarter. SteelPeak Wealth LLC now owns 6,513 shares of the financial services provider’s stock valued at $1,386,000 after acquiring an additional 412 shares during the period. Prime Capital Investment Advisors LLC lifted its position in shares of Capital One Financial by 15.5% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 7,999 shares of the financial services provider’s stock valued at $1,702,000 after acquiring an additional 1,071 shares during the period. Finally, D.B. Root & Company LLC lifted its position in shares of Capital One Financial by 6.3% during the 2nd quarter. D.B. Root & Company LLC now owns 1,549 shares of the financial services provider’s stock valued at $330,000 after acquiring an additional 92 shares during the period. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Shares of COF stock opened at $213.39 on Wednesday. The company has a market cap of $136.46 billion, a P/E ratio of 109.43, a P/E/G ratio of 0.79 and a beta of 1.18. The firm has a 50-day moving average of $219.29 and a 200-day moving average of $201.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. Capital One Financial’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 EPS. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 yield of 1.1%. Capital One Financial’s dividend payout ratio is presently 123.08%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. 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 report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Keefe, Bruyette & Woods upped their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Wells Fargo & Company upped their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, UBS Group lowered their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $250.44.

Insider Activity at Capital One Financial

In related news, 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 completion of the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock worth $5,103,824 in the last ninety days. Corporate insiders own 1.26% of the company’s stock.

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.