7,503 Capital One Financial Corporation $COF Shares Bought by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its Capital One stake by 37.3% in the second quarter, buying 7,503 shares for a total holding valued at approximately $5.54 million. Institutional investors collectively own 89.84% of the company.
• Capital One reported quarterly EPS of $5.81, beating estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion. The company also maintains a quarterly dividend of $0.80 per share, yielding about 1.6% annually.
• Analysts maintain a generally positive outlook, with 21 Buy ratings and three Holds, an overall “Moderate Buy” consensus, and an average price target of $258.91. However, insiders sold 33,850 shares worth about $7.21 million during the latest quarter.

Envestnet Portfolio Solutions Inc. grew its position in Capital One Financial Corporation (NYSE:COF) by 37.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,625 shares of the financial services provider's stock after purchasing an additional 7,503 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Capital One Financial were worth $5,542,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Evolution Wealth Management Inc. raised its stake in shares of Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 90 shares during the last quarter. Cherry Tree Wealth Management LLC grew its holdings in shares of Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider's stock worth $27,000 after purchasing an additional 105 shares during the last quarter. Solstein Capital LLC bought a new stake in shares of Capital One Financial during the second quarter worth $26,000. Purpose Unlimited Inc. acquired a new stake in shares of Capital One Financial in the fourth quarter valued at $33,000. Finally, Ballast Advisors LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at $27,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Up 0.1%

Capital One Financial stock opened at $196.23 on Friday. The company's 50 day simple moving average is $212.41 and its 200 day simple moving average is $198.61. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The firm has a market capitalization of $120.38 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.74 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business's quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.48 earnings per share. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 20.3 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, August 17th. Capital One Financial's dividend payout ratio (DPR) is presently 19.80%.

Insider Activity

In other news, CAO Timothy 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 transaction of $735,757.00. Following the transaction, the chief accounting officer owned 7,429 shares in the company, valued at $1,567,519. The trade was a 31.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total value of $749,350.00. Following the completion of the transaction, the general counsel owned 83,194 shares of the company's stock, valued at $17,811,835.40. This represents a 4.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 33,850 shares of company stock valued at $7,208,382. Company insiders own 0.78% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on COF shares. Bank of America dropped their target price on shares of Capital One Financial from $234.00 to $231.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Citigroup lowered their price target on shares of Capital One Financial from $310.00 to $295.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. Barclays dropped their price objective on shares of Capital One Financial from $242.00 to $240.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Finally, UBS Group upped their price objective on Capital One Financial from $275.00 to $280.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average target price of $258.91.

Capital One Financial Profile

Capital One Financial Corporation NYSE: COF is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.

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