Aaron Wealth Advisors LLC Buys 3,585 Shares of Capital One Financial Corporation $COF

Key Points

• Aaron Wealth Advisors LLC increased its stake in Capital One Financial Corporation (NYSE: COF) by 109.2%, now owning 6,867 shares valued at approximately $1.46 million as of the latest SEC filing.
• Several institutional investors have recently modified their positions in Capital One, with significant purchases including Financiere des Professionnels adding about $2.2 million and Berkshire Bank increasing its stake by 8.5%.
• Capital One's quarterly earnings beat consensus estimates with $5.48 earnings per share, significantly higher than the expected $1.93, alongside a revenue of $12.49 billion.

Aaron Wealth Advisors LLC lifted its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 109.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,867 shares of the financial services provider's stock after buying an additional 3,585 shares during the period. Aaron Wealth Advisors LLC's holdings in Capital One Financial were worth $1,461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Capital One Financial by 18.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after buying an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Capital One Financial by 105.3% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after buying an additional 394 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Capital One Financial by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after buying an additional 1,312 shares in the last quarter. Mutual Advisors LLC bought a new stake in shares of Capital One Financial in the 1st quarter worth $215,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Capital One Financial during the fourth quarter worth $91,780,000. Institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

COF has been the topic of a number of recent analyst reports. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 target price on the stock. 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 report on Thursday, July 24th. Barclays reaffirmed an "overweight" rating and set a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, Truist Financial boosted their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $239.44.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares in the company, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the sale, the chief accounting officer owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is owned by company insiders.

Capital One Financial Stock Up 1.9%

NYSE COF traded up $4.20 on Thursday, reaching $229.81. The stock had a trading volume of 2,295,433 shares, compared to its average volume of 2,858,148. The business has a 50 day moving average price of $218.52 and a 200 day moving average price of $197.29. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The company has a market capitalization of $146.97 billion, a price-to-earnings ratio of 117.85, a P/E/G ratio of 0.87 and a beta of 1.17.

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

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.0%. Capital One Financial's payout ratio is 123.08%.

Capital One Financial 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.