Capital One Financial Corporation $COF Shares Acquired by Perigon Wealth Management LLC

Key Points

• Perigon Wealth Management LLC significantly increased its stake in Capital One Financial by 94.0% during Q2, acquiring an additional 2,887 shares and valuing its holdings at <$1,268,000.
• Capital One reported earnings of $5.48 per share for the last quarter, surpassing analysts' expectations, with revenue reaching $12.49 billion, up 31.4% year-over-year.
• The company announced a quarterly dividend of $0.60 per share, reflecting an annual yield of 1.1%, though its dividend payout ratio stands at 123.08%.

Perigon Wealth Management LLC increased its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 94.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,959 shares of the financial services provider's stock after acquiring an additional 2,887 shares during the period. Perigon Wealth Management LLC's holdings in Capital One Financial were worth $1,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. WPG Advisers LLC acquired a new stake in Capital One Financial during the 1st quarter valued at $25,000. Saudi Central Bank acquired a new stake in Capital One Financial during the 1st quarter valued at $27,000. Physician Wealth Advisors Inc. grew its holdings in Capital One Financial by 1,200.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider's stock valued at $33,000 after buying an additional 144 shares during the last quarter. Beacon Capital Management LLC grew its holdings in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after buying an additional 97 shares during the last quarter. Finally, Family Legacy Financial Solutions LLC acquired a new stake in Capital One Financial during the 2nd quarter valued at $42,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $223.97 on Friday. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The stock has a market capitalization of $143.23 billion, a P/E ratio of 114.86, a PEG ratio of 0.86 and a beta of 1.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The business's fifty day moving average price is $219.28 and its 200 day moving average price is $199.54.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the previous year, the business posted $3.14 EPS. Capital One Financial's revenue was up 31.4% compared to the same quarter last year. As a group, research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Insider Transactions at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the transaction, the general counsel owned 100,486 shares in the company, valued at $22,448,572.40. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock worth $4,679,844 over the last ninety days. 1.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

COF has been the topic of a number of analyst reports. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday. Royal Bank Of Canada increased their target price on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and raised their price objective for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Finally, Rothschild & Co Redburn assumed coverage on Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.

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