1,061 Shares in Capital One Financial Corporation $COF Purchased by Drive Wealth Management LLC

Drive Wealth Management LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,061 shares of the financial services provider’s stock, valued at approximately $226,000.

Other hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its holdings in shares of Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Capital One Financial during the first quarter valued at $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Capital One Financial by 45.1% in the first 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 buying an additional 1,454,595 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock worth $889,519,000 after acquiring an additional 950,415 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Capital One Financial during the 1st quarter valued at about $141,599,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 1.7%

Shares of COF opened at $214.98 on Tuesday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The firm has a market capitalization of $137.48 billion, a P/E ratio of 110.25, a P/E/G ratio of 0.76 and a beta of 1.18. The firm has a 50-day moving average price of $219.15 and a 200 day moving average price of $204.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

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 analyst estimates of $12.72 billion. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.14 earnings per share. Sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio is presently 123.08%.

Analysts Set New Price Targets

Several analysts have commented on the company. The Goldman Sachs Group dropped their price objective on Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. UBS Group dropped their target price on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a research note on Thursday, October 2nd. Barclays upped their price objective on shares of Capital One Financial from $253.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $252.78.

Insiders Place Their Bets

In other news, CAO Timothy P. Golden sold 207 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the transaction, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares of the company’s stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock worth $5,103,824 in the last three months. 1.26% of the stock is owned by insiders.

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.