Concurrent Investment Advisors LLC Has $8.85 Million Holdings in Capital One Financial Corporation $COF

Key Points

• Concurrent Investment Advisors increased its Capital One stake by 19% in the second quarter, bringing its holdings to 44,098 shares valued at $8.85 million. Institutional investors collectively own 89.84% of the company.
• Analysts maintain a generally positive outlook, with 21 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $258.91.
• Capital One exceeded quarterly earnings expectations, reporting $5.81 EPS and $15.83 billion in revenue, while revenue rose 26.9% year over year. The company also pays a quarterly dividend of $0.80 per share, or a 1.5% annual yield.

Concurrent Investment Advisors LLC boosted its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 19.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,098 shares of the financial services provider's stock after acquiring an additional 7,047 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Capital One Financial were worth $8,847,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. NEOS Investment Management LLC boosted its position in shares of Capital One Financial by 12.1% during the second quarter. NEOS Investment Management LLC now owns 102,029 shares of the financial services provider's stock valued at $20,469,000 after buying an additional 11,029 shares during the last quarter. Greenspring Advisors LLC raised its position in Capital One Financial by 37.4% in the 2nd quarter. Greenspring Advisors LLC now owns 8,303 shares of the financial services provider's stock valued at $1,666,000 after buying an additional 2,262 shares during the last quarter. Paragon Private Wealth Management LLC lifted its stake in Capital One Financial by 1.5% during the 2nd quarter. Paragon Private Wealth Management LLC now owns 5,288 shares of the financial services provider's stock valued at $1,061,000 after acquiring an additional 76 shares in the last quarter. Continuum Advisory LLC lifted its stake in Capital One Financial by 2.5% during the 2nd quarter. Continuum Advisory LLC now owns 5,761 shares of the financial services provider's stock valued at $1,156,000 after acquiring an additional 143 shares in the last quarter. Finally, Orion Capital Management LLC boosted its holdings in Capital One Financial by 5.1% during the 2nd quarter. Orion Capital Management LLC now owns 5,185 shares of the financial services provider's stock worth $1,040,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on COF shares. Wolfe Research increased their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the company an "outperform" rating in a report on Tuesday, August 25th. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. TD Cowen reduced their price objective on shares of Capital One Financial from $260.00 to $253.00 and set a "buy" rating for the company in a research report on Tuesday, July 7th. HSBC raised shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price objective for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. Finally, BTIG Research lifted their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $258.91.

Capital One Financial Price Performance

Capital One Financial stock opened at $219.43 on Friday. The business's 50 day simple moving average is $211.80 and its 200 day simple moving average is $198.07. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a market cap of $134.62 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 0.81 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. The business had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business's revenue for the quarter was up 26.9% on a year-over-year basis. During the same period last year, the business posted $5.48 earnings per share. Sell-side analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a dividend of $0.80 per share. The ex-dividend date was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial's dividend payout ratio is presently 19.80%.

Insider Buying and Selling

In related news, insider Lia Dean sold 2,193 shares of Capital One Financial stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the sale, the insider owned 63,261 shares of the company's stock, valued at approximately $14,266,620.72. This trade represents a 3.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the business's 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 sale, the insider owned 26,328 shares in the company, valued at $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 29,767 shares of company stock worth $6,366,998 in the last quarter. 0.78% of the stock is currently owned by company insiders.

Capital One Financial Company Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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