Xcel Wealth Management LLC Buys New Shares in Capital One Financial Corporation (NYSE:COF)

Xcel Wealth Management LLC acquired a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing 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 makes up about 1.3% of Xcel Wealth Management LLC's investment portfolio, making the stock its 21st biggest position.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Capital One Financial during the 4th quarter valued at about $32,000. Beacon Capital Management LLC boosted its stake in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Capital One Financial during the 4th quarter valued at $41,000. Rossby Financial LCC purchased a new position in Capital One Financial in the 1st quarter worth $48,000. Finally, Bernard Wealth Management Corp. purchased a new stake in Capital One Financial during the first quarter valued at about $54,000. 89.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Capital One Financial

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

Capital One Financial Stock Up 1.0%

Shares of NYSE:COF traded up $2.13 during midday trading on Friday, reaching $220.94. The company's stock had a trading volume of 1,856,041 shares, compared to its average volume of 3,608,043. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $195.61 and a 200-day moving average of $187.29. The firm has a market capitalization of $84.65 billion, a P/E ratio of 18.55, a PEG ratio of 0.92 and a beta of 1.15. Capital One Financial Corporation has a 12-month low of $128.23 and a 12-month high of $221.95.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. On average, research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada set a $190.00 target price on Capital One Financial and gave the company a "sector perform" rating in a report on Monday, April 14th. Robert W. Baird raised Capital One Financial from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. Citigroup decreased their target price 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. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $183.00 to $210.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Finally, Barclays reissued an "overweight" rating and issued a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.