Wealth Alliance LLC Grows Holdings in Capital One Financial Corporation $COF

Wealth Alliance LLC lifted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 38.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,318 shares of the financial services provider’s stock after buying an additional 643 shares during the period. Wealth Alliance LLC’s holdings in Capital One Financial were worth $493,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of COF. WPG Advisers LLC acquired a new position in shares of Capital One Financial during the first quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC raised its stake 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 in the last quarter. Olistico Wealth LLC boosted its stake in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after buying an additional 101 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Capital One Financial in the first quarter valued at approximately $27,000. Finally, RMG Wealth Management LLC acquired a new position in Capital One Financial during the second quarter worth $27,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on COF. Truist Financial raised their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Robert W. Baird upped their price objective on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. TD Cowen raised their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Barclays raised their price target on Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Wolfe Research boosted their price objective on shares of Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $261.63.

Capital One Financial Stock Down 2.5%

Shares of NYSE:COF opened at $216.65 on Friday. The company has a market capitalization of $137.73 billion, a price-to-earnings ratio of 91.41, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19. The company has a 50 day moving average of $218.92 and a two-hundred day moving average of $210.58. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

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

Insiders Place Their Bets

In other news, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total value of $438,820.00. Following the completion of the transaction, the general counsel directly owned 96,486 shares of the company’s stock, valued at $21,169,993.26. This represents a 2.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 256,380 shares of company stock valued at $57,129,478 over the last ninety days. Insiders own 1.26% of the company’s stock.

Capital One Financial Company 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.