Ferguson Wellman Capital Management Inc. Has $5.56 Million Stake in Capital One Financial Corporation $COF

Key Points

• Ferguson Wellman Capital Management Inc. increased its holdings in Capital One Financial Corporation by 167.6% during the 2nd quarter, acquiring an additional 16,362 shares for a total of 26,123 shares, valued at approximately $5.56 million.
• Several institutional investors, including Wealth Enhancement Advisory Services LLC and Exchange Traded Concepts LLC, have also significantly boosted their stakes in Capital One Financial during the same period.
• Capital One Financial recently reported $5.48 earnings per share for the quarter, beating expectations, and declared a quarterly dividend of $0.60 per share, reflecting an annualized yield of 1.1%.

Ferguson Wellman Capital Management Inc. raised its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 167.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,123 shares of the financial services provider's stock after buying an additional 16,362 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in Capital One Financial were worth $5,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COF. WPG Advisers LLC acquired a new stake in shares of Capital One Financial during the first quarter valued at $25,000. Saudi Central Bank acquired a new position in shares of Capital One Financial in the 1st quarter valued at about $27,000. Beacon Capital Management LLC lifted its position in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after acquiring an additional 97 shares in the last quarter. Nova Wealth Management Inc. lifted its position in Capital One Financial by 629.6% during the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock worth $42,000 after acquiring an additional 170 shares in the last quarter. Finally, Family Legacy Financial Solutions LLC acquired a new position in Capital One Financial during the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock valued at $4,679,844 over the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on COF shares. Truist Financial lifted their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. TD Cowen upgraded 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 research report on Tuesday, July 8th. Rothschild & Co Redburn assumed coverage on Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective for the company. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, Keefe, Bruyette & Woods boosted their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $239.44.

Capital One Financial Price Performance

COF stock traded down $3.08 during midday trading on Monday, reaching $225.24. 1,094,583 shares of the company's stock traded hands, compared to its average volume of 4,254,654. The company has a 50-day simple moving average of $218.68 and a two-hundred day simple moving average of $197.82. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The company has a market cap of $144.04 billion, a price-to-earnings ratio of 115.43, a PEG ratio of 0.88 and a beta of 1.17. 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 released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period in the prior year, the business earned $3.14 earnings per share. The company's revenue for the quarter was up 31.4% on a year-over-year basis. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

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.