Axxcess Wealth Management LLC Has $1.73 Million Stake in Capital One Financial Corporation (NYSE:COF)

Axxcess Wealth Management LLC lifted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 54.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,628 shares of the financial services provider's stock after acquiring an additional 3,400 shares during the quarter. Axxcess Wealth Management LLC's holdings in Capital One Financial were worth $1,726,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in Capital One Financial in the fourth quarter worth approximately $32,000. Beacon Capital Management LLC grew its position in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after buying an additional 97 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Capital One Financial in the fourth quarter worth approximately $41,000. Rossby Financial LCC acquired a new position in Capital One Financial in the first quarter worth approximately $48,000. Finally, Bernard Wealth Management Corp. acquired a new position in Capital One Financial in the first quarter worth approximately $54,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Down 0.4%

Shares of Capital One Financial stock traded down $0.88 on Friday, hitting $219.86. 2,965,732 shares of the company traded hands, compared to its average volume of 3,624,376. The company has a 50-day moving average price of $199.97 and a 200 day moving average price of $188.97. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. Capital One Financial Corporation has a 12-month low of $128.23 and a 12-month high of $221.95. The company has a market cap of $84.24 billion, a PE ratio of 18.46, a PEG ratio of 0.92 and a beta of 1.15.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The business had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.07 billion. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's payout ratio is presently 20.15%.

Insider Buying and Selling at Capital One Financial

In related news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the sale, the director owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial 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 completion of the sale, the insider directly owned 20,089 shares of the company's stock, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

COF has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Royal Bank Of Canada set a $190.00 price objective on shares of Capital One Financial and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Citigroup lowered their price objective on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $184.00 to $258.00 in a research report on Tuesday. Finally, Bank of America lifted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $222.07.

Capital One Financial Company 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.