Capital One Financial Corporation $COF Stock Holdings Increased by Confluence Wealth Services Inc.

Key Points

• Confluence Wealth Services Inc. increased its stake in Capital One Financial by 133.5% during the second quarter, bringing its total holdings to 3,734 shares valued at approximately $794,000.
• Insiders at Capital One Financial have recently sold a total of 23,298 shares, with notable sales by CAO Timothy P. Golden and insider Robert M. Alexander, resulting in significant decreases in their respective positions.
• Capital One's quarterly earnings exceeded expectations with an EPS of $5.48, significantly higher than the consensus estimate of $1.93, amidst a revenue growth of 31.4% year-over-year.

Confluence Wealth Services Inc. boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 133.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,734 shares of the financial services provider's stock after purchasing an additional 2,135 shares during the period. Confluence Wealth Services Inc.'s holdings in Capital One Financial were worth $794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of Capital One Financial during the first quarter worth $25,000. Moisand Fitzgerald Tamayo LLC raised its stake in shares of Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC lifted its holdings in shares of Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after buying an additional 101 shares during the last quarter. Saudi Central Bank bought a new stake in shares of Capital One Financial in the 1st quarter valued at approximately $27,000. Finally, Signature Resources Capital Management LLC bought a new stake in shares of Capital One Financial in the 2nd quarter valued at approximately $28,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,462 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is owned by insiders.

Capital One Financial Stock Down 0.3%

COF stock opened at $213.78 on Tuesday. The stock has a market capitalization of $136.72 billion, a price-to-earnings ratio of 109.63, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. The company has a 50-day moving average of $219.29 and a two-hundred day moving average of $201.62. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

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 earnings per share 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 analyst estimates of $12.72 billion. During the same period in the prior year, the firm posted $3.14 EPS. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed 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 (DPR) is presently 123.08%.

Analysts Set New Price Targets

A number of research firms have issued reports on COF. Evercore ISI lifted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Royal Bank Of Canada raised their price target 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. Truist Financial increased their target price 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. Citigroup raised their target price on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus price target of $249.44.

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.

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