1,450 Shares in Capital One Financial Corporation $COF Bought by Northwest Wealth Management LLC

Key Points

• Northwest Wealth Management LLC acquired 1,450 shares of Capital One Financial Corporation, valued at approximately $308,000, during the second quarter.
• Insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock for around $2.3 million, resulting in a significant decrease in his ownership stake.
• Capital One Financial's stock has seen a 31.4% year-over-year revenue increase and reported earnings per share of $5.48 for the most recent quarter, exceeding analysts' estimates.

Northwest Wealth Management LLC acquired a new position in Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,450 shares of the financial services provider's stock, valued at approximately $308,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Raleigh Capital Management Inc. raised its holdings in shares of Capital One Financial by 3,228.6% in the 2nd quarter. Raleigh Capital Management Inc. now owns 466 shares of the financial services provider's stock valued at $99,000 after acquiring an additional 452 shares in the last quarter. HB Wealth Management LLC raised its stake in Capital One Financial by 69.3% in the second quarter. HB Wealth Management LLC now owns 24,324 shares of the financial services provider's stock valued at $5,175,000 after purchasing an additional 9,954 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Capital One Financial by 9.3% in the second quarter. Janney Montgomery Scott LLC now owns 107,810 shares of the financial services provider's stock valued at $22,938,000 after purchasing an additional 9,193 shares in the last quarter. Venture Visionary Partners LLC raised its stake in Capital One Financial by 26.9% in the second quarter. Venture Visionary Partners LLC now owns 6,068 shares of the financial services provider's stock valued at $1,291,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas raised its position in shares of Capital One Financial by 1,490.0% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider's stock valued at $9,252,000 after buying an additional 40,751 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the transaction, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. This trade represents a 12.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,298 shares of company stock valued at $4,679,844. Insiders own 1.26% of the company's stock.

Capital One Financial Stock Down 0.3%

COF stock opened at $223.33 on Tuesday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The business's 50 day moving average price is $219.43 and its two-hundred day moving average price is $200.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $142.82 billion, a price-to-earnings ratio of 114.53, a price-to-earnings-growth ratio of 0.86 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.14 earnings per share. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Wall Street Analysts Forecast Growth

COF has been the topic of several research reports. 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 report on Friday, September 12th. Citigroup raised their price target on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Barclays reissued an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Wells Fargo & Company raised their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $241.06.

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.

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