21,478 Shares in Capital One Financial Corporation $COF Acquired by Kingsview Wealth Management LLC

Key Points

• Kingsview Wealth Management acquired 21,478 shares of Capital One Financial worth approximately $4.3 million in the second quarter. Institutional investors collectively own 89.84% of the company.
• Capital One reported quarterly EPS of $5.81, exceeding estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion.
• The company declared a quarterly dividend of $0.80 per share, equivalent to a 1.5% yield, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $258.91.

Kingsview Wealth Management LLC acquired a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 21,478 shares of the financial services provider's stock, valued at approximately $4,309,000.

Several other institutional investors and hedge funds also recently made changes to their positions in COF. Beacon Pointe Advisors LLC bought a new stake in Capital One Financial in the second quarter worth $13,446,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Capital One Financial in the second quarter worth about $44,000. 49 Wealth Management LLC bought a new stake in shares of Capital One Financial in the 2nd quarter valued at about $210,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Capital One Financial during the 2nd quarter valued at about $726,000. Finally, Rakuten Investment Management Inc. bought a new position in Capital One Financial during the 2nd quarter worth approximately $20,308,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

Shares of COF opened at $215.81 on Friday. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $132.40 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. The firm's 50-day simple moving average is $210.32 and its two-hundred day simple moving average is $198.00.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion during the quarter, compared to analysts' expectations of $15.76 billion. During the same quarter in the previous year, the business earned $5.48 earnings per share. The firm's quarterly revenue was up 26.9% compared to the same quarter last year. Analysts anticipate that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial's dividend payout ratio (DPR) is 19.80%.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 5,473 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the transaction, the insider owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer owned 7,429 shares of the company's stock, valued at $1,567,519. The trade was a 31.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 26,267 shares of company stock worth $5,617,648. 0.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

COF has been the subject of several recent research reports. UBS Group increased their price objective on Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Bank of America decreased their target price on shares of Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a report on Thursday, August 20th. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. Finally, Piper Sandler initiated coverage on shares of Capital One Financial in a report on Monday, June 29th. They set an "overweight" rating and a $254.00 target price for the company. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $258.91.

About Capital One Financial

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source