GC Wealth Management RIA LLC Purchases New Holdings in Capital One Financial Corporation $COF

Key Points

• GC Wealth Management RIA LLC acquired 12,715 shares of Capital One Financial during the second quarter, valued at approximately $2.7 million.
• Several hedge funds significantly increased their stakes in Capital One, including Kingstone Capital Partners, which raised its stake by 588,668.3%, now owning $24.99 billion worth of shares.
• Capital One Financial's stock has been rated as a "Moderate Buy" by analysts, with an average price target of $239.44, reflecting positive sentiment in the market.

GC Wealth Management RIA LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 12,715 shares of the financial services provider's stock, valued at approximately $2,705,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COF. Kingstone Capital Partners Texas LLC lifted its stake in Capital One Financial by 588,668.3% in the 2nd 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 buying an additional 117,427,549 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new position in Capital One Financial in the 1st quarter valued at about $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Capital One Financial by 45.1% in the 1st 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 buying an additional 1,454,595 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Capital One Financial by 23.7% in the 1st 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 acquiring an additional 950,415 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Capital One Financial in the 1st quarter valued at about $141,599,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on COF. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Morgan Stanley reiterated an "overweight" rating on shares of Capital One Financial in a report on Monday. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective for the company. Barclays reiterated an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Finally, Citigroup increased their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $239.44.

Insider Buying and Selling at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel directly owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. The trade was a 1.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Performance

Shares of COF stock opened at $223.97 on Monday. 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 Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The stock has a market capitalization of $143.23 billion, a PE ratio of 114.86, a P/E/G ratio of 0.86 and a beta of 1.17. The firm has a 50 day moving average of $219.28 and a two-hundred day moving average of $199.78.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $12.72 billion. During the same period in the prior year, the business earned $3.14 EPS. The business's quarterly revenue was up 31.4% on a year-over-year basis. On average, research 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 declared 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 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

About Capital One Financial

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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