Independent Solutions Wealth Management LLC Invests $473,000 in Capital One Financial Corporation $COF

Key Points

• Independent Solutions Wealth Management LLC invested $473,000 in 2,221 shares of Capital One Financial during the second quarter, highlighting growing interest from institutional investors.
• Capital One Financial reported significant earnings, with an EPS of $5.48 for the last quarter, surpassing estimates by $3.55, while the company also declared a dividend of $0.60 per share.
• Analysts have generally positive outlooks on Capital One Financial, with multiple firms raising their price targets and a consensus rating of "Moderate Buy."

Independent Solutions Wealth Management LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,221 shares of the financial services provider's stock, valued at approximately $473,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in shares of Capital One Financial during the 1st quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC boosted its stake in Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Olistico Wealth LLC grew its holdings in Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after acquiring an additional 101 shares during the period. Saudi Central Bank bought a new stake in shares of Capital One Financial during the 1st quarter valued at $27,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at $27,000. 89.84% of the stock is owned by institutional investors.

Insider Activity

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the company'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 of the company's stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the sale, the chief accounting officer owned 8,987 shares of the company's stock, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock valued at $5,103,824 in the last ninety days. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Down 0.3%

NYSE:COF opened at $213.78 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a market cap of $136.72 billion, a PE ratio of 109.63, a PEG ratio of 0.79 and a beta of 1.18. The stock has a 50-day simple moving average of $219.29 and a 200 day simple moving average of $201.62.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the previous year, the company posted $3.14 EPS. The business's revenue for the quarter was up 31.4% compared to the same quarter last year. On average, sell-side analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on COF. JPMorgan Chase & Co. raised their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Morgan Stanley raised their target price on Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. Wells Fargo & Company upped their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group lowered their target price on shares of Capital One Financial from $276.00 to $266.00 and set a "buy" rating for the company in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus price target of $249.44.

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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