Geneos Wealth Management Inc. grew its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 78.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,794 shares of the financial services provider's stock after buying an additional 5,606 shares during the period. Geneos Wealth Management Inc.'s holdings in Capital One Financial were worth $2,294,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Beacon Capital Management LLC grew its stake in Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares during the period. Bogart Wealth LLC grew its stake in Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after purchasing an additional 243 shares during the period. Motco grew its stake in Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 137 shares during the period. Rossby Financial LCC acquired a new stake in Capital One Financial in the first quarter valued at approximately $48,000. Finally, Bernard Wealth Management Corp. acquired a new stake in Capital One Financial in the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 89.84% of the company's stock.
Capital One Financial Stock Performance
Shares of NYSE COF traded down $7.53 during mid-day trading on Friday, hitting $207.47. The company had a trading volume of 4,793,743 shares, compared to its average volume of 3,819,390. The company has a market capitalization of $79.49 billion, a price-to-earnings ratio of 106.40, a P/E/G ratio of 0.82 and a beta of 1.16. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $232.45. 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 stock's 50-day moving average price is $206.91 and its 200-day moving average price is $192.61.
Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. Capital One Financial's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.14 earnings per share. On average, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.
Capital One Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 15th. Capital One Financial's payout ratio is presently 123.08%.
Insider Buying and Selling
In related news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,332 shares of company stock worth $4,540,285 over the last ninety days. 1.26% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts have commented on COF shares. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Rothschild & Co Redburn initiated coverage on Capital One Financial in a report on Friday. They issued a "buy" rating and a $290.00 target price on the stock. Wells Fargo & Company raised their target price on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Keefe, Bruyette & Woods raised their target price on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Finally, Barclays restated an "overweight" rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus price target of $238.81.
Check Out Our Latest Stock Analysis on COF
Capital One Financial Company Profile
(
Free Report)
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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