Barlow Wealth Partners Inc. Acquires New Holdings in Capital One Financial Corporation $COF

Key Points

• Barlow Wealth Partners Inc. acquired 1,976 shares of Capital One Financial Corporation, valued at approximately $432,000, marking a new position in its portfolio.
• Capital One reported a quarterly earnings per share (EPS) of $5.48, significantly exceeding analyst expectations of $1.93, while revenue was up 31.4% year-over-year.
• The firm declared a quarterly dividend of $0.60 per share, representing an annualized yield of 1.1%, with a payout ratio currently at 123.08%.

Barlow Wealth Partners Inc. acquired a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,976 shares of the financial services provider's stock, valued at approximately $432,000.

A number of other large investors have also recently bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC lifted its stake 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 valued at $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC raised its holdings in Capital One Financial by 439.1% in the 2nd 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 during the last quarter. RMG Wealth Management LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth $27,000. Signature Resources Capital Management LLC acquired a new stake in shares of Capital One Financial during the second quarter worth $28,000. Finally, WPG Advisers LLC acquired a new stake in shares of Capital One Financial during the first quarter worth $25,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $214.98 on Thursday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $137.48 billion, a price-to-earnings ratio of 110.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The business has a 50 day simple moving average of $219.04 and a 200 day simple moving average of $202.84.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the previous year, the firm earned $3.14 EPS. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. On average, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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

Insider Activity

In other news, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the transaction, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel owned 98,486 shares in the company, valued at approximately $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. Insiders sold a total of 23,298 shares of company stock valued at $5,103,824 over the last ninety days. Corporate insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on COF shares. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Evercore ISI upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Barclays increased their target price on shares of Capital One Financial from $253.00 to $257.00 and gave the stock an "overweight" rating in a research report on Monday, October 6th. Morgan Stanley lifted their target price on shares of Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Finally, The Goldman Sachs Group dropped their price objective on shares of Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a research note on Friday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus price target of $252.78.

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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