HB Wealth Management LLC Purchases 4,536 Shares of Capital One Financial Corporation (NYSE:COF)

Key Points

• HB Wealth Management LLC increased its stake in Capital One Financial by 46.1%, owning 14,370 shares valued at $2,577,000 following their purchase of an additional 4,536 shares.
• Capital One reported $5.48 earnings per share for the last quarter, significantly exceeding analysts' expectations of $1.93, with a revenue increase of 31.4% year-over-year.
• The stock has seen various price target adjustments from analysts, with JPMorgan Chase & Co. raising it to $248.00 and Barclays setting a target of $253.00, reflecting a favorable outlook on the company's shares.

HB Wealth Management LLC grew its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 46.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 14,370 shares of the financial services provider's stock after acquiring an additional 4,536 shares during the period. HB Wealth Management LLC's holdings in Capital One Financial were worth $2,577,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Beacon Capital Management LLC lifted its stake in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 97 shares during the last quarter. Bogart Wealth LLC lifted its stake in shares of Capital One Financial by 1,518.8% in the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 243 shares during the last quarter. Rossby Financial LCC bought a new position in shares of Capital One Financial in the 1st quarter valued at $48,000. Bernard Wealth Management Corp. bought a new position in shares of Capital One Financial in the 1st quarter valued at $54,000. Finally, Copia Wealth Management acquired a new stake in Capital One Financial in the first quarter valued at $55,000. 89.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

COF has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price objective on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Barclays restated an "overweight" rating and issued a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Wells Fargo & Company increased their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $235.40.

Capital One Financial Stock Up 0.1%

Shares of COF traded up $0.19 during trading hours on Thursday, hitting $215.42. The stock had a trading volume of 1,213,535 shares, compared to its average volume of 4,518,770. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50 day simple moving average of $205.92 and a 200-day simple moving average of $192.22. The firm has a market capitalization of $82.54 billion, a P/E ratio of 110.47, a price-to-earnings-growth ratio of 0.84 and a beta of 1.15. Capital One Financial Corporation has a 1-year low of $128.23 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The business's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.14 earnings per share. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.11%. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated 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 completion of the transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the transaction, the insider owned 20,089 shares of the company's stock, valued at $4,005,746.60. This trade represents a 32.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,332 shares of company stock worth $4,540,285. Insiders own 1.26% of the company's stock.

Capital One Financial 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.