Capital One Financial Corporation $COF Stock Purchased by IFP Advisors Inc

Key Points

• IFP Advisors increased its Capital One stake by 180.3% in the third quarter, bringing its holdings to 26,185 shares valued at approximately $5.1 million. Institutional investors collectively own 89.84% of COF.
• Capital One reported quarterly earnings of $5.81 per share, beating estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion.
• The stock traded at $199.86, down 0.9%, while analysts maintained a “Moderate Buy” consensus with an average price target of $255.04. The company also paid a quarterly dividend of $0.80 per share, representing a 1.6% yield.

IFP Advisors Inc boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 180.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,185 shares of the financial services provider's stock after buying an additional 16,843 shares during the period. IFP Advisors Inc's holdings in Capital One Financial were worth $5,056,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Street Corp raised its holdings in Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock valued at $11,491,259,000 after buying an additional 29,724,829 shares in the last quarter. BlackRock Inc. grew its position in shares of Capital One Financial by 0.5% in the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock valued at $10,242,628,000 after purchasing an additional 236,643 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Capital One Financial during the second quarter worth approximately $1,435,311,000. Wellington Management Group LLP increased its position in Capital One Financial by 36.2% during the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider's stock worth $1,426,029,000 after acquiring an additional 1,887,497 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Capital One Financial by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider's stock worth $1,127,733,000 after purchasing an additional 187,532 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Down 0.9%

NYSE:COF opened at $199.86 on Tuesday. The business has a 50 day moving average price of $207.70 and a two-hundred day moving average price of $200.51. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The company has a market cap of $122.61 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 0.97 and a beta of 1.04.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The business had revenue of $15.83 billion during the quarter, compared to analysts' expectations of $15.76 billion. During the same quarter last year, the company posted $5.48 earnings per share. Capital One Financial's quarterly revenue was up 26.9% on a year-over-year basis. As a group, analysts expect that Capital One Financial Corporation will post 20.36 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Insider Activity

In other news, insider Michael Zamsky sold 5,473 shares of the business's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the transaction, the insider directly owned 27,992 shares in the company, valued at approximately $6,102,815.84. The trade was a 16.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ravi Raghu sold 9,726 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider owned 26,328 shares of the company's stock, valued at $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 37,664 shares of company stock worth $7,914,162. 0.78% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on COF. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. HSBC raised Capital One Financial from a "hold" rating to a "buy" rating and lifted their price objective for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Citigroup lowered their price target on Capital One Financial from $295.00 to $280.00 and set a "buy" rating on the stock in a research report on Tuesday, September 29th. Barclays dropped their target price on shares of Capital One Financial from $240.00 to $237.00 and set an "overweight" rating for the company in a research report on Monday, October 5th. Finally, BTIG Research boosted their price objective on Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. Twenty research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $255.04.

Capital One Financial Profile

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.

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