Forvis Mazars Wealth Advisors LLC Has $5.14 Million Stock Position in Capital One Financial Corporation $COF

Key Points

• Forvis Mazars Wealth Advisors LLC increased its stake in Capital One Financial Corporation by 18.2% during Q2, bringing its holdings to a value of $5.14 million.
• Several large institutional investors, including Kingstone Capital Partners and Vanguard Group, significantly increased their positions in Capital One Financial, indicating strong interest and confidence in the company.
• Analysts predict a Moderate Buy rating for Capital One Financial, with an average price target of $252.78; this comes after several firms upgraded their ratings in the past weeks, reflecting positive growth prospects.

Forvis Mazars Wealth Advisors LLC lifted its position in shares of Capital One Financial Corporation (NYSE:COF) by 18.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,139 shares of the financial services provider's stock after purchasing an additional 3,718 shares during the period. Forvis Mazars Wealth Advisors LLC's holdings in Capital One Financial were worth $5,136,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC lifted its position in shares of Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Capital One Financial by 1.6% during the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock valued at $5,782,590,000 after purchasing an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Capital One Financial by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after purchasing an additional 950,415 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Capital One Financial by 18.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock valued at $854,647,000 after purchasing an additional 734,939 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Capital One Financial by 45.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock valued at $838,609,000 after purchasing an additional 1,454,595 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on COF. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Evercore ISI boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th. Robert W. Baird upped their target price on shares of Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a report on Thursday, October 2nd. The Goldman Sachs Group decreased their target price on shares of Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a report on Friday, October 3rd. Finally, Citigroup boosted 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 note on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average price target of $252.78.

Capital One Financial Price Performance

COF stock opened at $211.25 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The stock has a market cap of $135.10 billion, a PE ratio of 108.33, a P/E/G ratio of 0.76 and a beta of 1.18. The firm has a 50 day simple moving average of $219.01 and a two-hundred day simple moving average of $203.37.

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

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio is 123.08%.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the company's 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 completion of the sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares of the company's stock, valued at $20,878,047.14. This trade represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock worth $5,103,824 over the last 90 days. Company insiders own 1.26% of the company's stock.

Capital One Financial Company 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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