3,727 Shares in Capital One Financial Corporation $COF Purchased by Allen Mooney & Barnes Investment Advisors LLC

Key Points

• Allen Mooney & Barnes Investment Advisors LLC purchased 3,727 shares of Capital One Financial, valued at approximately $793,000, highlighting growing institutional interest in the company.
• Capital One Financial recently announced a quarterly dividend of $0.60, contributing to an annualized dividend yield of 1.1% despite a high dividend payout ratio of 123.08%.
• Equities research analysts have increased their target prices for Capital One Financial, with Citigroup and Wells Fargo both raising their targets to $275.00 and $265.00 respectively, indicating strong bullish sentiment.

Allen Mooney & Barnes Investment Advisors LLC bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,727 shares of the financial services provider's stock, valued at approximately $793,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in Capital One Financial during the 1st quarter valued at about $25,000. Saudi Central Bank purchased a new position in shares of Capital One Financial in the 1st quarter valued at about $27,000. 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 buying an additional 97 shares during the period. Nova Wealth Management Inc. boosted its stake in shares of Capital One Financial by 629.6% in the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock valued at $42,000 after buying an additional 170 shares during the period. Finally, Bogart Wealth LLC lifted its stake in Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after purchasing an additional 243 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup boosted their target price on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Wells Fargo & Company boosted their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Royal Bank Of Canada lifted their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their price target on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Barclays reissued an "overweight" rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $239.44.

Capital One Financial Stock Down 0.3%

COF opened at $223.59 on Monday. The business's fifty day moving average is $217.89 and its two-hundred day moving average is $196.49. 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 cap of $142.99 billion, a price-to-earnings ratio of 114.66, a PEG ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a one year low of $137.64 and a one year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.14 earnings per share. Analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Insider Buying and Selling

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the transaction, the general counsel directly owned 100,486 shares in the company, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the transaction, the chief accounting officer owned 8,780 shares of the company's stock, valued at $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock valued at $4,679,844 over the last three months. Insiders own 1.26% of the company's stock.

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.

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