Elevation Point Wealth Partners LLC Boosts Stock Position in Capital One Financial Corporation $COF

Key Points

• Elevation Point Wealth Partners LLC increased its stake in Capital One by 205.2% in Q3, adding 5,985 shares to hold 8,901 shares valued at about $1.89 million.
• Capital One reported EPS of $3.86, missing the $4.14 consensus while revenue rose 53.3% year-over-year; analysts have an average rating of "Moderate Buy" with a consensus target of $274.70.
• The firm pays a quarterly dividend of $0.80 ($3.20 annualized, 1.8% yield) even as insiders sold 67,933 shares (about $14.36M) over the past three months.

Elevation Point Wealth Partners LLC raised its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 205.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,901 shares of the financial services provider's stock after purchasing an additional 5,985 shares during the period. Elevation Point Wealth Partners LLC's holdings in Capital One Financial were worth $1,892,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in COF. Vanguard Group Inc. raised its holdings in Capital One Financial by 74.8% in the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider's stock valued at $11,995,603,000 after acquiring an additional 24,129,990 shares in the last quarter. State Street Corp boosted its stake in Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider's stock valued at $5,910,500,000 after acquiring an additional 10,776,843 shares during the last quarter. Norges Bank acquired a new position in Capital One Financial during the 2nd quarter worth $1,701,511,000. Boston Partners bought a new stake in shares of Capital One Financial in the 2nd quarter worth about $534,777,000. Finally, Amundi increased its position in shares of Capital One Financial by 321.6% in the 2nd quarter. Amundi now owns 3,108,512 shares of the financial services provider's stock worth $680,174,000 after purchasing an additional 2,371,214 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Up 1.3%

COF opened at $179.76 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $111.80 billion, a PE ratio of 60.73, a P/E/G ratio of 0.54 and a beta of 1.14. The stock's fifty day moving average is $215.61 and its 200-day moving average is $220.83. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same period in the prior year, the firm posted $2.67 EPS. The firm's revenue for the quarter was up 53.3% compared to the same quarter last year. On average, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.8%. Capital One Financial's payout ratio is currently 108.11%.

Wall Street Analyst Weigh In

COF has been the topic of several research analyst reports. Barclays reduced their price target on shares of Capital One Financial from $294.00 to $287.00 and set an "overweight" rating on the stock in a research report on Friday, January 23rd. Wells Fargo & Company boosted their price objective on Capital One Financial from $265.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, January 5th. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, January 10th. Zacks Research lowered Capital One Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 24th. Finally, Morgan Stanley boosted their price target on Capital One Financial from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $274.70.

Insider Buying and Selling

In related news, insider Jason P. Hanson sold 3,729 shares of the business's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the sale, the insider directly owned 40,230 shares in the company, valued at $8,247,150. The trade was a 8.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ravi Raghu sold 13,450 shares of the firm's stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the sale, the insider owned 30,337 shares of the company's stock, valued at $7,584,250. The trade was a 30.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 67,933 shares of company stock worth $14,363,897. 1.26% of the stock is owned by insiders.

Capital One Financial 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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