Capital One Financial Corporation $COF Shares Acquired by B. Riley Wealth Advisors Inc.

Key Points

• B. Riley Wealth Advisors increased its Capital One stake by 19.1% in the third quarter, bringing its holdings to 46,494 shares valued at approximately $8.98 million. Institutional investors collectively own 89.84% of COF.
• Capital One reported quarterly EPS of $5.81, exceeding analyst expectations of $4.79, while revenue rose 26.9% year over year to $15.83 billion.
• The company pays a quarterly dividend of $0.80 per share, equivalent to a $3.20 annualized dividend and a 1.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $255.04.

B. Riley Wealth Advisors Inc. grew its stake in Capital One Financial Corporation (NYSE:COF) by 19.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,494 shares of the financial services provider's stock after buying an additional 7,453 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Capital One Financial were worth $8,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in COF. Sculptor Capital LP bought a new position in shares of Capital One Financial in the 1st quarter worth about $33,932,000. Swiss National Bank lifted its stake in shares of Capital One Financial by 6.5% in the 1st quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider's stock valued at $340,363,000 after purchasing an additional 113,200 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Capital One Financial during the 2nd quarter valued at about $73,364,000. Levin Capital Strategies L.P. boosted its position in shares of Capital One Financial by 3.3% during the 1st quarter. Levin Capital Strategies L.P. now owns 179,757 shares of the financial services provider's stock valued at $32,793,000 after purchasing an additional 5,707 shares in the last quarter. Finally, Professional Financial Advisors LLC grew its stake in Capital One Financial by 645.8% during the second quarter. Professional Financial Advisors LLC now owns 9,710 shares of the financial services provider's stock worth $1,948,000 after purchasing an additional 8,408 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Price Performance

COF stock opened at $197.96 on Wednesday. The company has a market capitalization of $121.44 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 0.74 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The business has a 50-day simple moving average of $209.35 and a two-hundred day simple moving average of $199.97.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The firm had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. During the same period in the previous year, the company posted $5.48 EPS. The company's revenue for the quarter was up 26.9% on a year-over-year basis. Research analysts expect that Capital One Financial Corporation will post 20.34 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a dividend of $0.80 per share. The ex-dividend date was Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial's dividend payout ratio (DPR) is 19.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America lowered their target price on Capital One Financial from $234.00 to $231.00 and set a "buy" rating for the company in a report on Thursday, July 9th. HSBC raised Capital One Financial from a "hold" rating to a "buy" rating and boosted their price target for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. BMO Capital Markets began coverage on Capital One Financial in a report on Friday, October 9th. They set a "market perform" rating and a $219.00 price target on the stock. Weiss Ratings downgraded shares of Capital One Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, October 6th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a research report on Thursday, August 20th. Twenty investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $255.04.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total value of $749,350.00. Following the completion of the sale, the general counsel owned 83,194 shares in the company, valued at $17,811,835.40. This represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the transaction, the insider directly owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 33,850 shares of company stock worth $7,167,152. Company insiders own 0.78% of the company's stock.

About Capital One Financial

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.

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