Arista Wealth Management LLC Purchases Shares of 5,749 Capital One Financial Corporation $COF

Key Points

• Arista Wealth Management LLC has acquired a new position in Capital One Financial, purchasing 5,749 shares valued at approximately $1.223 million during the 2nd quarter.
• Several hedge funds have increased their investments in Capital One, with Moisand Fitzgerald Tamayo LLC and Olistico Wealth LLC raising their positions by over 100% and 439% respectively during the same period.
• Analysts have generally been optimistic about Capital One, with recent price target upgrades from firms like Evercore ISI and Truist Financial, projecting targets between $255 and $290 per share.

Arista Wealth Management LLC acquired a new position in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,749 shares of the financial services provider's stock, valued at approximately $1,223,000.

Other hedge funds have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC grew 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 purchasing an additional 101 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in Capital One Financial during the 2nd quarter worth approximately $27,000. Signature Resources Capital Management LLC acquired a new stake in Capital One Financial during the 2nd quarter worth approximately $28,000. Finally, WPG Advisers LLC acquired a new stake in Capital One Financial during the 1st quarter worth approximately $25,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore ISI upped their price target on Capital One Financial from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Tuesday, September 30th. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Keefe, Bruyette & Woods raised their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Truist Financial boosted their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Finally, Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $252.78.

Insider Activity at Capital One Financial

In other Capital One Financial news, 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 transaction, the general counsel directly owned 98,486 shares of the company's stock, valued at $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, 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. In the last ninety days, insiders sold 23,298 shares of company stock worth $5,103,824. Company insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

Capital One Financial stock opened at $203.04 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm's 50-day simple moving average is $218.95 and its 200 day simple moving average is $203.00. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The firm has a market capitalization of $129.85 billion, a PE ratio of 104.12, a P/E/G ratio of 0.78 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data 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. The company's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the business earned $3.14 earnings per share. On average, equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.2%. Capital One Financial's dividend payout ratio is 123.08%.

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.

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