Financial Advocates Investment Management Makes New Investment in Capital One Financial Corporation $COF

Financial Advocates Investment Management purchased a new stake in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,762 shares of the financial services provider’s stock, valued at approximately $588,000.

Several other large investors have also modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC lifted its holdings in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares during the last quarter. Olistico Wealth LLC raised its holdings in Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after buying an additional 101 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its stake in Capital One Financial by 66.7% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after buying an additional 50 shares in the last quarter. RMG Wealth Management LLC acquired a new position in shares of Capital One Financial in the second quarter worth about $27,000. Finally, Solstein Capital LLC purchased a new position in shares of Capital One Financial in the second quarter worth approximately $28,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Trading Up 1.5%

NYSE COF opened at $217.60 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The firm’s fifty day simple moving average is $216.00 and its 200-day simple moving average is $212.14. The company has a market capitalization of $138.33 billion, a PE ratio of 91.81, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last issued its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The firm had revenue of $15.46 billion for the quarter. As a group, sell-side 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. Shareholders of record on Monday, November 17th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, November 17th. Capital One Financial’s dividend payout ratio is presently 135.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on COF shares. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Morgan Stanley boosted their target price on shares of Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Truist Financial raised their target price 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. Deutsche Bank Aktiengesellschaft lifted their price target on Capital One Financial from $224.00 to $240.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Finally, Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the transaction, the insider directly owned 48,315 shares of the company’s stock, valued at $10,727,379.45. This represents a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the transaction, the insider owned 73,020 shares in the company, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 274,013 shares of company stock valued at $61,045,903. 1.26% of the stock is currently 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.