Concurrent Investment Advisors LLC Purchases 2,030 Shares of Capital One Financial Corporation $COF

Concurrent Investment Advisors LLC grew its position in Capital One Financial Corporation (NYSE:COF) by 11.4% in the second quarter, HoldingsChannel.com reports. The fund owned 19,819 shares of the financial services provider’s stock after buying an additional 2,030 shares during the period. Concurrent Investment Advisors LLC’s holdings in Capital One Financial were worth $4,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. WPG Advisers LLC bought a new stake in shares of Capital One Financial during the 1st quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC boosted its holdings in shares of Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC boosted its holdings in shares of 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. Saudi Central Bank bought a new stake in shares of Capital One Financial during the 1st quarter worth about $27,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Capital One Financial during the 2nd quarter worth about $27,000. Institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Capital One Financial from $248.00 to $235.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Morgan Stanley lifted their target price on shares of Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Capital One Financial in a report on Wednesday, October 8th. HSBC set a $218.00 price objective on shares of Capital One Financial and gave the company a “hold” rating in a report on Friday. Finally, Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.78.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. This represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares of the company’s stock, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock valued at $5,103,824 over the last quarter. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $207.55 on Tuesday. The firm has a 50 day moving average of $218.96 and a 200-day moving average of $202.67. The stock has a market capitalization of $132.73 billion, a PE ratio of 106.44, a PEG ratio of 0.74 and a beta of 1.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. Capital One Financial’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.14 earnings per share. On average, equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. Capital One Financial’s payout ratio is presently 123.08%.

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.