Capital Asset Advisory Services LLC Takes $657,000 Position in Capital One Financial Corporation $COF

Key Points

• Capital Asset Advisory Services LLC has acquired a new position in Capital One Financial Corporation, purchasing 3,052 shares valued at approximately $657,000 during the second quarter.
• Insider selling was reported, with the Chief Accounting Officer selling 3,462 shares and other insiders selling a total of 21,298 shares in the past 90 days, indicating a decrease in their positions.
• Capital One's stock recently opened at $223.59 and reported an EPS of $5.48 for the last quarter, significantly exceeding the analyst estimate of $1.93.

Capital Asset Advisory Services LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,052 shares of the financial services provider's stock, valued at approximately $657,000.

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after acquiring an additional 9,374 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Capital One Financial by 105.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after purchasing an additional 394 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after buying an additional 1,312 shares during the last quarter. Mutual Advisors LLC bought a new stake in shares of Capital One Financial in the first quarter worth $215,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Capital One Financial in the fourth quarter worth $91,780,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the sale, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock valued at $4,679,844 over the last 90 days. 1.26% of the stock is owned by insiders.

Capital One Financial Price Performance

Capital One Financial stock opened at $223.59 on Monday. The company has a market capitalization of $142.99 billion, a PE ratio of 114.66, a P/E/G ratio of 0.87 and a beta of 1.17. The stock has a 50-day moving average price of $217.89 and a two-hundred day moving average price of $196.49. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 12 month low of $137.64 and a 12 month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last released 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 business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period in the prior year, the business earned $3.14 EPS. The company's revenue for the quarter was up 31.4% on a year-over-year basis. Analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

Analyst Upgrades and Downgrades

COF has been the subject of several analyst reports. Truist Financial boosted their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Barclays restated an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Finally, TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $239.44.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.