Fifth Third Wealth Advisors LLC Acquires 10,290 Shares of Capital One Financial Corporation $COF

Key Points

• Fifth Third Wealth Advisors LLC increased its holdings in Capital One Financial Corporation by 152.1% during the second quarter, acquiring an additional 10,290 shares, bringing their total to 17,056 shares valued at $3,629,000.
• Capital One reported $5.48 EPS in its latest quarterly earnings, significantly surpassing the expected $1.93 EPS, while revenue totaled $12.49 billion, despite falling short of the $12.72 billion forecast.
• The firm recently declared a quarterly dividend of $0.60 per share, resulting in a 1.2% dividend yield, although the company's payout ratio stands at a high 123.08%.

Fifth Third Wealth Advisors LLC grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 152.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,056 shares of the financial services provider's stock after buying an additional 10,290 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Capital One Financial were worth $3,629,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its stake in Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after purchasing an additional 9,374 shares in the last quarter. Plancorp LLC bought a new position in Capital One Financial in the second quarter worth approximately $272,000. Creative Financial Designs Inc. ADV grew its stake in Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after purchasing an additional 394 shares in the last quarter. Private Advisor Group LLC grew its stake in Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Mutual Advisors LLC bought a new position in Capital One Financial in the first quarter worth approximately $215,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of COF opened at $202.37 on Friday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The stock has a fifty day moving average price of $219.02 and a 200-day moving average price of $202.11. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market cap of $129.42 billion, a PE ratio of 103.78, a P/E/G ratio of 0.77 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the prior year, the company posted $3.14 EPS. The business's revenue for the quarter was up 31.4% on a year-over-year basis. Equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction on 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 directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock valued at $5,103,824 in the last quarter. Insiders own 1.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Truist Financial increased their price objective on Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Evercore ISI upped their target price on Capital One Financial from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Tuesday, September 30th. The Goldman Sachs Group lowered their target price on Capital One Financial from $276.00 to $266.00 and set a "buy" rating for the company in a report on Friday, October 3rd. Morgan Stanley upped their target price on Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. Finally, TD Cowen upped their target price on Capital One Financial from $258.00 to $261.00 and gave the stock a "buy" rating in a report on Monday, October 6th. Three investment 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $252.78.

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.

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