Capital One Financial Corporation $COF Shares Bought by Venturi Wealth Management LLC

Key Points

• Venturi Wealth Management LLC significantly increased its stake in Capital One Financial, acquiring an additional 3,936 shares, bringing their total to 5,406 shares valued at $1,150,000.
• Truist Financial has raised its price target for Capital One from $260 to $270, maintaining a "buy" rating, while the stock has a consensus rating of "Moderate Buy" with an average target price of $250.44.
• Capital One recently declared a quarterly dividend of $0.60 per share, representing an annualized yield of 1.1%, but has a substantial dividend payout ratio of 123.08%.

Venturi Wealth Management LLC increased its position in shares of Capital One Financial Corporation (NYSE:COF) by 267.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,406 shares of the financial services provider's stock after acquiring an additional 3,936 shares during the period. Venturi Wealth Management LLC's holdings in Capital One Financial were worth $1,150,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of COF. Eagle Bay Advisors LLC increased its position in Capital One Financial by 3.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider's stock worth $299,000 after buying an additional 49 shares during the period. Cantor Fitzgerald Investment Advisors L.P. increased its position in shares of Capital One Financial by 0.3% during the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider's stock valued at $3,532,000 after purchasing an additional 50 shares during the period. TFB Advisors LLC increased its position in shares of Capital One Financial by 3.4% during the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock valued at $276,000 after purchasing an additional 51 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Capital One Financial by 0.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock valued at $1,097,000 after purchasing an additional 53 shares during the period. Finally, tru Independence LLC increased its position in shares of Capital One Financial by 1.7% during the second quarter. tru Independence LLC now owns 3,202 shares of the financial services provider's stock valued at $681,000 after purchasing an additional 55 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COF has been the topic of a number of research reports. Truist Financial boosted their price objective on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a research report on Thursday, October 2nd. Evercore ISI boosted their price target on Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. The Goldman Sachs Group decreased their price target on Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a research note on Friday, October 3rd. Finally, Robert W. Baird boosted their price target on Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $250.44.

Capital One Financial Price Performance

Capital One Financial stock opened at $211.79 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $135.44 billion, a P/E ratio of 108.61, a P/E/G ratio of 0.79 and a beta of 1.18. The business's fifty day moving average is $219.22 and its two-hundred day moving average is $201.77. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. Capital One Financial'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 firm posted $3.14 EPS. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

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

Insider Transactions at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. 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 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 transaction, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is owned by insiders.

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.

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