WealthTrust Asset Management LLC Makes New $1.27 Million Investment in Capital One Financial Corporation $COF

WealthTrust Asset Management LLC acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,967 shares of the financial services provider’s stock, valued at approximately $1,270,000. Capital One Financial accounts for approximately 0.9% of WealthTrust Asset Management LLC’s investment portfolio, making the stock its 24th biggest position.

Other large investors have also recently made changes to their positions in the company. Cetera Investment Advisers increased its holdings in Capital One Financial by 82.7% in the second quarter. Cetera Investment Advisers now owns 145,419 shares of the financial services provider’s stock valued at $30,939,000 after buying an additional 65,821 shares in the last quarter. Flaharty Asset Management LLC boosted its holdings in Capital One Financial by 22.7% in the 2nd quarter. Flaharty Asset Management LLC now owns 1,065 shares of the financial services provider’s stock worth $227,000 after buying an additional 197 shares during the last quarter. Creative Planning raised its holdings in shares of Capital One Financial by 127.1% during the second quarter. Creative Planning now owns 167,696 shares of the financial services provider’s stock valued at $35,679,000 after acquiring an additional 93,856 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Capital One Financial by 26.2% in the second quarter. SG Americas Securities LLC now owns 332,456 shares of the financial services provider’s stock valued at $70,733,000 after acquiring an additional 69,085 shares in the last quarter. Finally, Compass Financial Services Inc purchased a new stake in shares of Capital One Financial during the second quarter worth approximately $61,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 43,200 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the sale, the insider directly owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard D. Fairbank sold 103,487 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the completion of the transaction, the chief executive officer owned 4,001,228 shares in the company, valued at $882,990,995.04. This trade represents a 2.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 256,380 shares of company stock worth $57,129,478 in the last ninety days. Company insiders own 1.26% of the company’s stock.

Capital One Financial Trading Down 2.8%

COF opened at $210.74 on Friday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $218.70 and a 200-day simple moving average of $210.77. The firm has a market cap of $133.97 billion, a P/E ratio of 88.92, a P/E/G ratio of 0.70 and a beta of 1.19.

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

Capital One Financial Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Barclays increased their price target on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Truist Financial lifted their price objective on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Citigroup raised their target price on Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley upped their price objective on shares of Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $261.63.

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.