Kingsview Wealth Management LLC Purchases 2,324 Shares of Capital One Financial Corporation $COF

Kingsview Wealth Management LLC boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 24.8% during the 2nd quarter, Holdings Channel reports. The fund owned 11,677 shares of the financial services provider’s stock after buying an additional 2,324 shares during the period. Kingsview Wealth Management LLC’s holdings in Capital One Financial were worth $2,484,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of COF. Earned Wealth Advisors LLC acquired a new stake in Capital One Financial during the 2nd quarter worth about $254,000. Plancorp LLC purchased a new position in Capital One Financial during the second quarter valued at $272,000. Smith Chas P & Associates PA Cpas boosted its holdings in Capital One Financial by 1,490.0% in the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock worth $9,252,000 after buying an additional 40,751 shares during the last quarter. Private Advisor Group LLC boosted 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 acquiring an additional 1,312 shares during the last quarter. Finally, Callodine Capital Management LP grew its holdings in shares of Capital One Financial by 200.0% during the first quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock worth $26,895,000 after buying an additional 100,000 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other news, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the transaction, the insider directly owned 73,020 shares of the company’s stock, valued at $16,198,026.60. The trade was a 37.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction 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 directly owned 96,486 shares in the company, valued at approximately $21,169,993.26. The trade was a 2.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 274,013 shares of company stock valued at $61,045,903. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised 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. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a report on Thursday, November 13th. Robert W. Baird increased their price objective on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company upped their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group upped their price target on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Four 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Stock Performance

NYSE COF opened at $200.61 on Wednesday. The company has a fifty day moving average of $217.89 and a two-hundred day moving average of $211.42. The company has a market capitalization of $127.53 billion, a PE ratio of 84.64, a P/E/G ratio of 0.70 and a beta of 1.19. 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 Corporation has a 1 year low of $143.22 and a 1 year high of $232.45.

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

Capital One Financial Increases Dividend

The company 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. The ex-dividend date is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is currently 135.02%.

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.