Assetmark Inc. Buys 20,419 Shares of Capital One Financial Corporation (NYSE:COF)

Key Points

• Assetmark Inc. increased its holdings in Capital One Financial by 32.0% during Q1, acquiring an additional 20,419 shares for a total of 84,238 shares valued at $15.1 million.
• The company reported earnings per share of $5.48 in its last quarterly results, significantly surpassing analysts' expectations of $1.93, and its revenue showed a 31.4% increase year-over-year.
• Recent analyst reports highlight a positive outlook for Capital One Financial, with multiple firms increasing their price targets and maintaining a consensus rating of "Moderate Buy" with a target price of $233.07.

Assetmark Inc. lifted its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 32.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,238 shares of the financial services provider's stock after purchasing an additional 20,419 shares during the period. Assetmark Inc.'s holdings in Capital One Financial were worth $15,104,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Beacon Capital Management LLC raised its stake in Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after buying an additional 97 shares during the last quarter. Bogart Wealth LLC increased its stake in Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 243 shares in the last quarter. Rossby Financial LCC bought a new stake in Capital One Financial in the first quarter valued at $48,000. Bernard Wealth Management Corp. bought a new stake in Capital One Financial in the first quarter valued at $54,000. Finally, Copia Wealth Management bought a new stake in Capital One Financial in the first quarter valued at $55,000. Institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their price target for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Wells Fargo & Company boosted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Truist Financial boosted their price target on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average target price of $235.40.

Capital One Financial Trading Up 0.6%

Shares of Capital One Financial stock traded up $1.25 during trading on Wednesday, reaching $215.07. The company's stock had a trading volume of 558,552 shares, compared to its average volume of 4,521,543. Capital One Financial Corporation has a 52-week low of $128.23 and a 52-week high of $232.45. The company has a market cap of $82.40 billion, a price-to-earnings ratio of 110.28, a PEG ratio of 0.85 and a beta of 1.15. The firm's 50-day moving average is $205.36 and its two-hundred day moving average is $192.06. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

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 analysts' expectations of $12.72 billion. During the same period last year, the company posted $3.14 EPS. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.12%. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the sale, the insider owned 20,089 shares of the company's stock, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the sale, the director directly owned 56,244 shares of the company's stock, valued at $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,332 shares of company stock valued at $4,540,285 in the last quarter. Company insiders own 1.26% of the company's stock.

About Capital One Financial

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.