Global Assets Advisory LLC Makes New $253,000 Investment in Capital One Financial Corporation $COF

Key Points

• Global Assets Advisory LLC invested approximately $253,000 in Capital One Financial Corporation, acquiring 1,178 shares in the second quarter.
• Several large investors have increased their stakes in Capital One Financial, with 89.84% of the stock now owned by institutional investors and hedge funds.
• Analysts have a consensus price target of $249.44 for Capital One, with multiple firms upgrading their ratings to "strong-buy" and "buy."

Global Assets Advisory LLC bought a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,178 shares of the financial services provider's stock, valued at approximately $253,000.

A number of other large investors also recently modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC lifted its holdings in 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 worth $26,000 after buying an additional 62 shares in the last quarter. Olistico Wealth LLC lifted its stake in shares of Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 101 shares during the period. Signature Resources Capital Management LLC bought a new position in Capital One Financial in the second quarter valued at about $28,000. WPG Advisers LLC bought a new position in Capital One Financial in the first quarter valued at about $25,000. Finally, Saudi Central Bank acquired a new stake in Capital One Financial in the first quarter worth about $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on COF. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Truist Financial boosted their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Keefe, Bruyette & Woods raised their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 target price for the company. Finally, Royal Bank Of Canada increased their price target on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $249.44.

Insider Activity at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,298 shares of company stock worth $5,103,824. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $213.78 on Tuesday. The stock's fifty day simple moving average is $219.29 and its 200 day simple moving average is $201.62. 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 company has a market capitalization of $136.72 billion, a PE ratio of 109.63, a PEG ratio of 0.79 and a beta of 1.18. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45.

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 (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The firm's revenue was up 31.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.14 earnings per share. On average, research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

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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