Advisors Preferred LLC Invests $1.21 Million in Capital One Financial Corporation (NYSE:COF)

Advisors Preferred LLC purchased a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,800 shares of the financial services provider's stock, valued at approximately $1,212,000.

Several other hedge funds have also recently modified their holdings of COF. Beacon Capital Management LLC lifted its position 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 worth $32,000 after purchasing an additional 97 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Capital One Financial in the 4th quarter worth approximately $41,000. Bogart Wealth LLC lifted its position in shares of Capital One Financial by 1,518.8% in the 1st 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 period. Rossby Financial LCC purchased a new stake in shares of Capital One Financial in the 1st quarter worth approximately $48,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Capital One Financial in the 1st quarter worth approximately $54,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Performance

NYSE COF traded up $1.28 during mid-day trading on Friday, reaching $212.61. 4,501,689 shares of the stock were exchanged, compared to its average volume of 3,771,397. The business's 50 day moving average is $204.67 and its 200-day moving average is $191.47. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $232.45. The company has a market capitalization of $81.46 billion, a P/E ratio of 109.03, a P/E/G ratio of 0.85 and a beta of 1.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (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. During the same period last year, the company posted $3.14 earnings per share. The business's quarterly revenue was up 31.4% on a year-over-year basis. On average, equities research analysts forecast 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 Thursday, June 5th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's payout ratio is 123.08%.

Wall Street Analyst Weigh In

COF has been the subject of several research reports. Keefe, Bruyette & Woods upped their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday. Bank of America increased their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Citigroup increased their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their target price for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Truist Financial increased their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $233.07.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the transaction, the insider directly owned 20,089 shares of the company's stock, valued at $4,005,746.60. This trade represents a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,332 shares of company stock valued at $4,540,285 over the last ninety days. Corporate insiders own 1.26% of the company's stock.

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.