Checchi Capital Advisers LLC Has $1.19 Million Stock Position in Capital One Financial Corporation $COF

Key Points

• Checchi Capital Advisers LLC increased its stake in Capital One Financial by 79.8%, bringing its total holdings to $1.19 million as of the end of the 2nd quarter.
• Capital One Financial received several upgrades from analysts, including a buy rating from Wall Street Zen and target price increases from TD Cowen and Citigroup.
• The company recently declared a quarterly dividend of $0.60, reflecting an annualized dividend yield of 1.1%, despite a payout ratio of 123.08%.

Checchi Capital Advisers LLC increased its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 79.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,589 shares of the financial services provider's stock after buying an additional 2,481 shares during the period. Checchi Capital Advisers LLC's holdings in Capital One Financial were worth $1,189,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Diligent Investors LLC bought a new stake in Capital One Financial during the second quarter valued at about $1,356,000. AMF Tjanstepension AB lifted its position in shares of Capital One Financial by 130.9% during the 2nd quarter. AMF Tjanstepension AB now owns 228,371 shares of the financial services provider's stock worth $48,594,000 after purchasing an additional 129,450 shares during the last quarter. Pflug Koory LLC acquired a new position in shares of Capital One Financial during the 2nd quarter worth about $618,000. Quent Capital LLC boosted its stake in Capital One Financial by 84.4% during the 2nd quarter. Quent Capital LLC now owns 4,055 shares of the financial services provider's stock valued at $863,000 after purchasing an additional 1,856 shares during the period. Finally, 111 Capital bought a new position in Capital One Financial in the 2nd quarter worth approximately $1,562,000. Institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their target price for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Citigroup raised their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus price target of $249.06.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $214.39 on Monday. The firm has a market cap of $137.10 billion, a P/E ratio of 109.94, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. The firm's 50-day simple moving average is $219.30 and its 200-day simple moving average is $201.35. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.14 EPS. As a group, research analysts expect 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 was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial's payout ratio is currently 123.08%.

Insider Buying and Selling

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction on 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 directly owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is currently owned by insiders.

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.

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