Altus Wealth Group LLC Acquires New Holdings in Capital One Financial Corporation $COF

Key Points

• Altus Wealth Group LLC has acquired a new position in Capital One Financial, purchasing 1,370 shares valued at approximately $291,000 during the second quarter.
• Several hedge funds have also taken significant positions in Capital One, with institutional investors owning approximately 89.84% of the stock.
• Capital One Financial reported an impressive $5.48 EPS for the last quarter, surpassing analysts' estimates and showing a significant revenue increase of 31.4% year-over-year.

Altus Wealth Group LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,370 shares of the financial services provider's stock, valued at approximately $291,000.

A number of other hedge funds have also recently bought and sold shares of the company. LMG Wealth Partners LLC acquired a new position in Capital One Financial during the second quarter worth about $254,000. LB Partners LLC acquired a new position in Capital One Financial during the second quarter worth about $13,629,000. Community Bank of Raymore acquired a new position in Capital One Financial during the second quarter worth about $301,000. Calamos Wealth Management LLC grew its holdings in Capital One Financial by 120.9% during the second quarter. Calamos Wealth Management LLC now owns 4,025 shares of the financial services provider's stock worth $856,000 after acquiring an additional 2,203 shares during the period. Finally, Cidel Asset Management Inc. grew its holdings in Capital One Financial by 85.7% during the second quarter. Cidel Asset Management Inc. now owns 10,561 shares of the financial services provider's stock worth $2,247,000 after acquiring an additional 4,875 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on COF. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Morgan Stanley lifted their price target on Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. HSBC set a $218.00 price target on Capital One Financial and gave the stock a "hold" rating in a research note on Friday, October 10th. Rothschild & Co Redburn began coverage on Capital One Financial in a research note on Friday, August 1st. They issued a "buy" rating and a $290.00 price target on the stock. Finally, 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 note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $252.78.

Capital One Financial Trading Up 4.0%

Shares of NYSE COF opened at $211.25 on Monday. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The firm has a market capitalization of $135.10 billion, a PE ratio of 108.33, a PEG ratio of 0.76 and a beta of 1.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $219.01 and a two-hundred day moving average price of $203.65.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the previous year, the business posted $3.14 earnings per share. The company's revenue was up 31.4% compared to the same quarter last year. As a group, analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Insiders Place Their Bets

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company's stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is owned by insiders.

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.

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