Proficio Capital Partners LLC Takes $1.04 Million Position in Capital One Financial Corporation $COF

Proficio Capital Partners LLC acquired a new position in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,171 shares of the financial services provider’s stock, valued at approximately $1,037,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evolution Wealth Management Inc. boosted its holdings in shares of Capital One Financial by 529.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 90 shares during the last quarter. Solstein Capital LLC purchased a new position in shares of Capital One Financial during the second quarter worth $26,000. VSM Wealth Advisory LLC acquired a new position in Capital One Financial during the fourth quarter valued at $27,000. Cherry Tree Wealth Management LLC lifted its position in Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 105 shares during the period. Finally, Ballast Advisors LLC purchased a new stake in Capital One Financial in the first quarter valued at $27,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Price Performance

NYSE:COF opened at $217.55 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The stock’s 50-day moving average price is $209.74 and its 200-day moving average price is $197.92. The stock has a market capitalization of $133.46 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.Capital One Financial’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period last year, the company earned $5.48 earnings per share. As a group, equities analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on COF shares. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. TD Cowen dropped their target price on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Weiss Ratings upgraded Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $258.91.

Insider Buying and Selling

In other Capital One Financial news, insider Lia Dean sold 2,193 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $494,565.36. Following the transaction, the insider directly owned 63,261 shares of the company’s stock, valued at $14,266,620.72. This trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the sale, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,267 shares of company stock worth $5,617,648 in the last 90 days. 0.78% of the stock is owned by insiders.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.