Founders Grove Wealth Partners LLC Purchases 123 Shares of Capital One Financial Corporation $COF

Founders Grove Wealth Partners LLC raised its stake in shares of Capital One Financial Corporation (NYSE:COF) by 10.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,347 shares of the financial services provider’s stock after purchasing an additional 123 shares during the period. Founders Grove Wealth Partners LLC’s holdings in Capital One Financial were worth $287,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Capital One Financial by 18.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock valued at $10,010,000 after purchasing an additional 9,374 shares during the period. Plancorp LLC bought a new stake in Capital One Financial during the second quarter valued at about $272,000. Creative Financial Designs Inc. ADV lifted its position in shares of Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 394 shares in the last quarter. Private Advisor Group LLC lifted its position 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 valued at $1,776,000 after acquiring an additional 1,312 shares in the last quarter. Finally, Mutual Advisors LLC purchased a new position in shares of Capital One Financial in the first quarter valued at about $215,000. Institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In other news, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,298 shares of company stock worth $5,103,824. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. HSBC set a $218.00 price objective on Capital One Financial and gave the company a “hold” rating in a research report on Friday. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. The Goldman Sachs Group lowered their price objective on Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Citigroup boosted their target price on Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company boosted their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.78.

Capital One Financial Trading Up 2.5%

Shares of COF stock opened at $207.55 on Tuesday. The company has a market cap of $132.73 billion, a PE ratio of 106.44, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18. The stock’s 50 day simple moving average is $218.96 and its two-hundred day simple moving average is $202.67. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

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

Capital One Financial Dividend Announcement

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

Capital One Financial Profile

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.