Xcel Wealth Management LLC Buys Shares of 23,440 Capital One Financial Corporation (NYSE:COF)

Xcel Wealth Management LLC acquired a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,440 shares of the financial services provider's stock, valued at approximately $4,203,000. Capital One Financial accounts for approximately 1.3% of Xcel Wealth Management LLC's investment portfolio, making the stock its 21st biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Capital One Financial in the fourth quarter valued at $32,000. Beacon Capital Management LLC lifted its stake in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after buying an additional 97 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Capital One Financial during the fourth quarter valued at about $41,000. Rossby Financial LCC bought a new stake in shares of Capital One Financial during the first quarter valued at about $48,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Capital One Financial during the first quarter valued at about $54,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Price Performance

NYSE:COF traded up $2.13 during mid-day trading on Friday, reaching $220.94. 1,856,041 shares of the stock were exchanged, compared to its average volume of 3,612,000. The business has a fifty day moving average price of $196.37 and a 200 day moving average price of $187.74. The firm has a market capitalization of $84.65 billion, a PE ratio of 18.55, a PEG ratio of 0.93 and a beta of 1.15. Capital One Financial Corporation has a 1-year low of $128.23 and a 1-year high of $221.95. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. The firm had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.07 billion. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. Research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were paid a $0.60 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.09%. Capital One Financial's dividend payout ratio is currently 20.15%.

Insider Transactions at Capital One Financial

In related news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider directly owned 20,089 shares in the company, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Citigroup cut their price objective on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Royal Bank Of Canada set a $190.00 price objective on shares of Capital One Financial and gave the company a "sector perform" rating in a research note on Monday, April 14th. Baird R W upgraded shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Bank of America lifted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus price target of $215.86.

About Capital One Financial

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.