Gilliland Jeter Wealth Management LLC Buys 1,193 Shares of Capital One Financial Corporation $COF

Key Points

• Gilliland Jeter Wealth Management LLC increased its stake in Capital One Financial Corporation by 54.9%, acquiring an additional 1,193 shares, bringing its total holdings to 3,368 shares valued at approximately $717,000.
• Multiple analysts have raised their price targets for Capital One Financial, with Citigroup increasing its target from $250.00 to $275.00, while Robert W. Baird also raised theirs to $245.00, reflecting strong market confidence in the company.
• Insider sales have occurred, including a significant transaction where General Counsel Matthew W. Cooper sold 2,000 shares for nearly $424,000, resulting in a 1.99% decrease in his ownership stake.

Gilliland Jeter Wealth Management LLC raised its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 54.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,368 shares of the financial services provider's stock after purchasing an additional 1,193 shares during the period. Gilliland Jeter Wealth Management LLC's holdings in Capital One Financial were worth $717,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of Capital One Financial during the 1st quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC boosted its holdings in shares of Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 62 shares during the last quarter. Olistico Wealth LLC boosted its holdings in shares of Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. Saudi Central Bank bought a new position in shares of Capital One Financial during the 1st quarter valued at about $27,000. Finally, RMG Wealth Management LLC bought a new position in shares of Capital One Financial during the 2nd quarter valued at about $27,000. Institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on COF. Robert W. Baird increased their price objective on shares of Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a report on Thursday, October 2nd. Citigroup increased their price target 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. Barclays increased their price target on shares of Capital One Financial from $253.00 to $257.00 and gave the company an "overweight" rating in a report on Monday. Evercore ISI increased their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Tuesday, September 30th. Finally, The Goldman Sachs Group lowered their price target on shares of Capital One Financial from $276.00 to $266.00 and set a "buy" rating for the company in a report on Friday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and an average price target of $250.44.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction that occurred 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 transaction, the general counsel directly owned 98,486 shares of the company's stock, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Timothy P. Golden sold 207 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the transaction, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,298 shares of company stock valued at $5,103,824. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

Capital One Financial stock opened at $210.50 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 1-year low of $143.22 and a 1-year high of $232.45. The firm has a market capitalization of $134.62 billion, a P/E ratio of 107.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The company's 50-day moving average is $219.12 and its 200 day moving average is $201.98.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The firm 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 earned $3.14 earnings per share. The business's revenue for the quarter was up 31.4% compared to the same quarter last year. Research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio is 123.08%.

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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