Capital One Financial Corporation $COF Stock Acquired by Krilogy Financial LLC

Key Points

• Krilogy Financial increased its Capital One position by 69% in the third quarter, bringing its holdings to 25,629 shares valued at approximately $4.95 million. Institutional investors collectively own 89.84% of COF.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” from 25 analysts and an average price target of $255.04, although ratings range from Buy to Hold.
• Capital One reported quarterly EPS of $5.81, beating estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion. The company also pays a quarterly dividend of $0.80, representing a 1.6% yield.

Krilogy Financial LLC raised its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 69.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,629 shares of the financial services provider's stock after acquiring an additional 10,464 shares during the quarter. Krilogy Financial LLC's holdings in Capital One Financial were worth $4,948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Solstein Capital LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at $26,000. Ballast Advisors LLC purchased a new position in Capital One Financial in the 1st quarter valued at about $27,000. Gilpin Wealth Management LLC purchased a new position in shares of Capital One Financial in the 3rd quarter worth $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at about $29,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Capital One Financial during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In other news, CAO Timothy Golden sold 3,487 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the transaction, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. This represents a 31.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lia Dean sold 2,193 shares of the company's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the transaction, the insider directly owned 63,261 shares of the company's stock, valued at approximately $14,266,620.72. The trade was a 3.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 33,850 shares of company stock valued at $7,167,152. 0.78% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on COF shares. BTIG Research upped their price target on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. BMO Capital Markets assumed coverage on Capital One Financial in a research note on Friday, October 9th. They set a "market perform" rating and a $219.00 price target for the company. UBS Group increased their price target on Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Piper Sandler raised their price objective on shares of Capital One Financial from $254.00 to $260.00 and gave the stock an "overweight" rating in a research note on Monday, September 28th. Finally, Weiss Ratings lowered Capital One Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, October 6th. Twenty equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $255.04.

Capital One Financial Stock Performance

COF opened at $197.96 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The business's 50-day simple moving average is $209.35 and its 200 day simple moving average is $199.97. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The firm has a market capitalization of $121.44 billion, a PE ratio of 12.25, a PEG ratio of 0.74 and a beta of 1.04.

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

Capital One Financial Announces Dividend

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

Capital One Financial Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.