Cerro Pacific Wealth Advisors LLC Boosts Stock Position in Capital One Financial Corporation $COF

Cerro Pacific Wealth Advisors LLC lifted its position in Capital One Financial Corporation (NYSE:COF) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,059 shares of the financial services provider’s stock after buying an additional 212 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in Capital One Financial were worth $1,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of COF. Brighton Jones LLC raised its holdings in shares of Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after buying an additional 10,428 shares during the period. Simon Quick Advisors LLC grew its stake in Capital One Financial by 22.8% during the 1st quarter. Simon Quick Advisors LLC now owns 2,708 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 503 shares in the last quarter. Fifth Third Bancorp grew its stake in Capital One Financial by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 31,899 shares of the financial services provider’s stock worth $5,719,000 after purchasing an additional 4,509 shares in the last quarter. CVA Family Office LLC grew its stake in Capital One Financial by 5.9% during the 1st quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 80 shares in the last quarter. Finally, Bernard Wealth Management Corp. acquired a new position in Capital One Financial during the 1st quarter worth $54,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other news, CAO Timothy P. Golden sold 207 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares of the company’s stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock valued at $5,103,824 over the last quarter. Company insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Evercore ISI boosted their target price on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Morgan Stanley boosted their target price on Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday. Finally, Barclays boosted their target price on Capital One Financial from $253.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $252.78.

Capital One Financial Stock Down 4.0%

Capital One Financial stock opened at $202.37 on Friday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. 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 market capitalization of $129.42 billion, a P/E ratio of 103.78, a PEG ratio of 0.74 and a beta of 1.18. The stock has a 50-day simple moving average of $219.02 and a 200-day simple moving average of $202.27.

Capital One Financial (NYSE:COF) last posted its 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 firm had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. During the same period in the previous year, the firm posted $3.14 earnings per share. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. Equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s payout ratio is presently 123.08%.

Capital One Financial Company 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.