Burt Wealth Advisors Invests $362,000 in Capital One Financial Corporation $COF

Key Points

• Burt Wealth Advisors has made a new investment of approximately $362,000 in Capital One Financial Corporation, acquiring 1,703 shares.
• Capital One Financial's recent earnings report showed an earnings per share of $5.48, significantly exceeding estimates, with revenues also up 31.4% from the previous year.
• Analysts have shown strong confidence in Capital One, with several upgrades and a consensus average price target of $239.44, indicating a "Moderate Buy" rating for the stock.

Burt Wealth Advisors acquired a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,703 shares of the financial services provider's stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. WPG Advisers LLC bought a new stake in shares of Capital One Financial in the first quarter valued at about $25,000. Saudi Central Bank bought a new stake in shares of Capital One Financial in the first quarter valued at approximately $27,000. Beacon Capital Management LLC lifted its stake in 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 purchasing an additional 97 shares during the last quarter. Nova Wealth Management Inc. lifted its stake in Capital One Financial by 629.6% during the second quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock worth $42,000 after purchasing an additional 170 shares during the last quarter. Finally, Bogart Wealth LLC increased its holdings in shares of Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after buying an additional 243 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Trading Down 0.7%

Shares of COF traded down $1.61 during mid-day trading on Friday, reaching $228.13. The stock had a trading volume of 4,825,233 shares, compared to its average volume of 2,808,706. The business's fifty day moving average is $218.68 and its 200 day moving average is $197.67. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week 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 cap of $145.89 billion, a price-to-earnings ratio of 116.99, a P/E/G ratio of 0.88 and a beta of 1.17.

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 (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.14 EPS. On average, sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Insider Buying and Selling

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer owned 8,780 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock valued at $4,679,844 in the last ninety days. Company insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on COF. Citigroup increased their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada lifted their price objective on shares of 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. TD Cowen raised 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 report on Tuesday, July 8th. Finally, Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

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.