Angeles Wealth Management LLC Acquires New Shares in Capital One Financial Corporation $COF

Key Points

• Angeles Wealth Management LLC has acquired a new stake in Capital One Financial Corporation, purchasing 1,492 shares valued at approximately $317,000 in the second quarter.
• Several analysts have upgraded their ratings for Capital One Financial, with target prices reaching as high as $270.00, reflecting a positive outlook amid a "Moderate Buy" consensus rating.
• Insider transactions noted significant sales of shares, including Robert M. Alexander selling 10,114 shares, which indicates a 12.83% decrease in his ownership of the company.

Angeles Wealth Management LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,492 shares of the financial services provider's stock, valued at approximately $317,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in COF. WPG Advisers LLC bought a new stake in shares of Capital One Financial in the first quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 62 shares in the last quarter. Olistico Wealth LLC raised its holdings in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Saudi Central Bank bought a new stake in shares of Capital One Financial in the first quarter valued at about $27,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Capital One Financial in the second quarter valued at about $27,000. 89.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on COF. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Royal Bank Of Canada lifted their target price on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Morgan Stanley lifted their target price on Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a research note on Monday, September 29th. HSBC set a $218.00 target price on Capital One Financial and gave the company a "hold" rating in a research note on Friday, October 10th. Finally, Truist Financial lifted their target price on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus price target of $252.78.

Insider Transactions at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock worth $5,103,824 in the last ninety days. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

Shares of COF stock opened at $211.25 on Friday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The firm has a market capitalization of $135.10 billion, a price-to-earnings ratio of 108.33, a PEG ratio of 0.73 and a beta of 1.18. 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 stock's 50-day simple moving average is $219.01 and its 200-day simple moving average is $203.23.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share 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 analysts' expectations of $12.72 billion. During the same quarter in the previous year, the firm posted $3.14 EPS. Capital One Financial's revenue was up 31.4% on a year-over-year basis. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given 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 1.1%. Capital One Financial's dividend payout ratio is currently 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.

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