MJP Associates Inc. ADV Takes $355,000 Position in Capital One Financial Corporation $COF

MJP Associates Inc. ADV bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,667 shares of the financial services provider’s stock, valued at approximately $355,000.

A number of other institutional investors have also recently added to or reduced their stakes in COF. Brighton Jones LLC lifted its holdings in Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after purchasing an additional 10,428 shares in the last quarter. Edgestream Partners L.P. lifted its stake in Capital One Financial by 29.9% in the 1st quarter. Edgestream Partners L.P. now owns 4,609 shares of the financial services provider’s stock valued at $826,000 after buying an additional 1,060 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in Capital One Financial by 3.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 3,432 shares of the financial services provider’s stock worth $615,000 after buying an additional 102 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in Capital One Financial by 12.8% during the 1st quarter. Kingsview Wealth Management LLC now owns 9,353 shares of the financial services provider’s stock worth $1,677,000 after buying an additional 1,065 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Capital One Financial by 15.3% during 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 during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Trading Down 2.8%

Shares of COF opened at $210.74 on Friday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The firm has a market capitalization of $133.97 billion, a P/E ratio of 88.92, a P/E/G ratio of 0.70 and a beta of 1.19. The firm has a 50-day moving average price of $218.70 and a 200 day moving average price of $210.96. 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 (NYSE:COF) last posted its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company had revenue of $15.46 billion for the quarter. Sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current 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 dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.5%. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s payout ratio is 135.02%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. BTIG Research reaffirmed a “buy” rating and issued a $264.00 price target on shares of Capital One Financial in a research note on Wednesday, October 22nd. Wolfe Research raised their price objective on Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Truist Financial upped their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Finally, Evercore ISI raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $261.63.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total value of $438,820.00. Following the sale, the general counsel owned 96,486 shares in the company, valued at $21,169,993.26. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the completion of the sale, the chief executive officer owned 4,001,228 shares in the company, valued at approximately $882,990,995.04. This trade represents a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 256,380 shares of company stock worth $57,129,478 in the last three months. 1.26% of the stock is owned by insiders.

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.