Capital One Financial Corporation (NYSE:COF) Shares Bought by Avantax Advisory Services Inc.

Key Points

• Avantax Advisory Services Inc. increased its stake in Capital One Financial by 4.0%, now holding 58,821 shares worth approximately $10.5 million.
• Capital One Financial reported a strong earnings beat with $5.48 EPS for the quarter, significantly surpassing the consensus estimate of $1.93, alongside a revenue of $12.49 billion.
• Wells Fargo & Company raised its price target on Capital One Financial from $225.00 to $265.00, reflecting a bullish outlook with an "overweight" rating.

Avantax Advisory Services Inc. boosted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,821 shares of the financial services provider's stock after purchasing an additional 2,256 shares during the period. Avantax Advisory Services Inc.'s holdings in Capital One Financial were worth $10,547,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Beacon Capital Management LLC boosted its position in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after acquiring an additional 97 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Capital One Financial in the 4th quarter worth about $41,000. Bogart Wealth LLC lifted its holdings in Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after buying an additional 243 shares in the last quarter. Rossby Financial LCC bought a new stake in Capital One Financial during the 1st quarter valued at about $48,000. Finally, Bernard Wealth Management Corp. purchased a new position in Capital One Financial during the 1st quarter valued at about $54,000. 89.84% of the stock is currently owned by institutional investors.

Insider Activity

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the business's 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director owned 56,244 shares in the company, valued at $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,332 shares of company stock valued at $4,540,285 in the last ninety days. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Stock Up 0.6%

Shares of COF stock traded up $1.28 during trading on Friday, reaching $212.61. The company's stock had a trading volume of 4,501,689 shares, compared to its average volume of 3,771,397. Capital One Financial Corporation has a 1-year low of $128.23 and a 1-year high of $232.45. The stock's 50-day moving average price is $204.67 and its 200 day moving average price is $191.55. The company has a market capitalization of $81.46 billion, a price-to-earnings ratio of 109.03, a P/E/G ratio of 0.86 and a beta of 1.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 0.97.

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 the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.14 EPS. On average, research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.13%. Capital One Financial's payout ratio is 123.08%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COF. Barclays reaffirmed an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Royal Bank Of Canada upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $233.07.

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.