Capital One Financial Corporation $COF Shares Acquired by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Capital One Financial Corporation by 95.7%, owning 2,742 shares worth approximately $491,000 as per the latest SEC filing.
• Capital One Financial recently reported earnings of $5.48 EPS, significantly surpassing analysts' expectations of $1.93 EPS, and saw a 31.4% increase in quarterly revenue compared to the previous year.
• In a series of analyst upgrades, Citigroup raised its target price for Capital One shares to $275.00, with a consensus rating of "Moderate Buy" and an average price target of $238.81.

Focus Partners Advisor Solutions LLC increased its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 95.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,742 shares of the financial services provider's stock after buying an additional 1,341 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Capital One Financial were worth $491,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. WPG Advisers LLC acquired a new position in shares of Capital One Financial in the first quarter valued at approximately $25,000. Saudi Central Bank purchased a new stake in Capital One Financial in the first quarter valued at approximately $27,000. Beacon Capital Management LLC grew its holdings 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 valued at $32,000 after purchasing an additional 97 shares during the period. Motco grew its holdings in Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 137 shares during the period. Finally, Bogart Wealth LLC grew its holdings in Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 243 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of recent analyst reports. Citigroup boosted their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada boosted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Bank of America boosted their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Price Performance

COF opened at $221.72 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45. The company has a 50 day moving average of $217.39 and a two-hundred day moving average of $195.77. The company has a market cap of $141.79 billion, a P/E ratio of 113.70, a P/E/G ratio of 0.88 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $12.72 billion. Capital One Financial's quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.14 earnings per share. On average, analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Insider Activity

In other news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares of the company's stock, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock valued at $4,679,844 over the last ninety days. 1.26% of the stock is owned by company insiders.

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.

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