Wealth Enhancement Advisory Services LLC Purchases 80,857 Shares of Capital One Financial Corporation $COF

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Capital One Financial by 259.7% during the second quarter, acquiring a total of 111,986 shares worth approximately $24.74 million.
• Capital One recently reported $5.48 EPS for the quarter, significantly exceeding expectations, while revenue grew 31.4% year-over-year.
• The company announced a quarterly $0.60 dividend, with a payout ratio currently sitting at 123.08%, indicating substantial returns to shareholders.

Wealth Enhancement Advisory Services LLC raised its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 259.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,986 shares of the financial services provider's stock after acquiring an additional 80,857 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Capital One Financial were worth $24,739,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock valued at $5,782,590,000 after buying an additional 506,105 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after buying an additional 950,415 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock valued at $854,647,000 after buying an additional 734,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Capital One Financial by 45.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock valued at $838,609,000 after buying an additional 1,454,595 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Capital One Financial by 13.3% in the first quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock valued at $836,523,000 after buying an additional 548,052 shares during the period. Institutional investors own 89.84% of the company's stock.

Analysts Set New Price Targets

COF has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Truist Financial increased their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their price target for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Three investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $239.44.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares of the company's stock, 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 the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the transaction, the general counsel directly owned 100,486 shares in the company, valued at approximately $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 in the last three months. Insiders own 1.26% of the company's stock.

Capital One Financial Trading Down 0.9%

COF stock traded down $2.03 during midday trading on Tuesday, reaching $223.38. The company's stock had a trading volume of 1,516,429 shares, compared to its average volume of 4,247,214. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The stock has a market cap of $142.86 billion, a PE ratio of 114.61, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The business's 50-day simple moving average is $218.78 and its 200-day simple moving average is $198.19.

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

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date of this dividend 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%.

Capital One Financial Company 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.