Sound View Wealth Advisors Group LLC Grows Position in Capital One Financial Corporation $COF

Sound View Wealth Advisors Group LLC raised its stake in shares of Capital One Financial Corporation (NYSE:COF) by 52.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,959 shares of the financial services provider’s stock after purchasing an additional 1,022 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Capital One Financial were worth $630,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Rathbones Group PLC bought a new position in shares of Capital One Financial during the 2nd quarter valued at approximately $259,000. PCJ Investment Counsel Ltd. purchased a new position in Capital One Financial during the second quarter valued at approximately $8,596,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Capital One Financial by 81.6% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,224,055 shares of the financial services provider’s stock valued at $260,430,000 after purchasing an additional 549,918 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Capital One Financial by 64.5% in the second quarter. Parkside Financial Bank & Trust now owns 7,325 shares of the financial services provider’s stock worth $1,558,000 after purchasing an additional 2,871 shares during the period. Finally, Cypress Capital Management LLC WY purchased a new stake in shares of Capital One Financial in the second quarter worth $76,000. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on COF shares. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a “buy” rating and a $290.00 target price on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price objective 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. Royal Bank Of Canada lifted their target price on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, Wolfe Research upped their price target on Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

Capital One Financial Stock Performance

NYSE:COF opened at $217.83 on Monday. The company has a market cap of $138.48 billion, a price-to-earnings ratio of 91.91, a PEG ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The stock’s 50 day simple moving average is $219.28 and its two-hundred day simple moving average is $209.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF) last posted its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.46 billion during the quarter. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.80 dividend. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s payout ratio is presently 135.02%.

Insider Buying and Selling at Capital One Financial

In related news, CAO Timothy P. Golden sold 207 shares of Capital One Financial 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total value of $438,820.00. Following the sale, the general counsel owned 96,486 shares in the company, valued at approximately $21,169,993.26. This trade represents a 2.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 259,842 shares of company stock valued at $57,857,467. 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.