Parcion Private Wealth LLC Takes $530,000 Position in Capital One Financial Corporation $COF

Parcion Private Wealth LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,492 shares of the financial services provider’s stock, valued at approximately $530,000.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Capital One Financial by 18.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock valued at $10,010,000 after purchasing an additional 9,374 shares during the period. Plancorp LLC bought a new stake in shares of Capital One Financial in the second quarter worth $272,000. Creative Financial Designs Inc. ADV increased its stake in shares of Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock worth $138,000 after buying an additional 394 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after buying an additional 1,312 shares during the last quarter. Finally, Mutual Advisors LLC bought a new stake in shares of Capital One Financial in the first quarter worth $215,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity

In other news, CAO Timothy P. Golden sold 3,462 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,184 shares of company stock valued at $2,799,248. 1.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on COF. Deutsche Bank Aktiengesellschaft lifted 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. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 price target for the company. TD Cowen lifted their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. BTIG Research restated a “buy” rating and issued a $264.00 price target on shares of Capital One Financial in a research note on Wednesday. Finally, Citigroup lifted their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $259.16.

Capital One Financial Stock Up 1.4%

COF stock opened at $220.17 on Thursday. 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 1-year low of $143.22 and a 1-year high of $232.45. The firm has a fifty day moving average price of $219.21 and a two-hundred day moving average price of $204.30. The firm has a market cap of $140.80 billion, a price-to-earnings ratio of 92.90, a PEG ratio of 0.78 and a beta of 1.18.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, beating the consensus estimate of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 12.18%. The firm had revenue of $15.36 billion during the quarter, compared to analyst estimates of $15.06 billion. During the same quarter in the previous year, the firm earned $4.51 earnings per share. The firm’s revenue for the quarter was up 53.4% compared to the same quarter last year. Research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid 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 payout ratio is presently 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.