Institute for Wealth Management LLC. Buys Shares of 2,944 Capital One Financial Corporation $COF

Key Points

• Institute for Wealth Management LLC purchased 2,944 shares of Capital One Financial Corporation, valued at approximately $626,000.
• Analysts have upgraded Capital One Financial's stock with multiple "buy" and "strong buy" ratings, raising target prices significantly.
• Capital One Financial recently reported a quarterly earnings per share (EPS) of $5.48, surpassing estimates by $3.55, with a revenue increase of 31.4% year-over-year.

Institute for Wealth Management LLC. bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,944 shares of the financial services provider's stock, valued at approximately $626,000.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after buying an additional 9,374 shares during the last quarter. Plancorp LLC acquired a new stake in shares of Capital One Financial during the 2nd quarter valued at about $272,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Capital One Financial by 105.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after buying an additional 394 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after buying an additional 1,312 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new stake in shares of Capital One Financial during the 1st quarter valued at about $215,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COF has been the subject of several research reports. Barclays reiterated an "overweight" rating and set a $253.00 price target (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Citigroup boosted their target price on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Evercore ISI boosted their target price on Capital One Financial from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Tuesday. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Three research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.29.

Capital One Financial Stock Up 0.5%

Shares of COF stock opened at $213.55 on Thursday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The firm has a market cap of $136.57 billion, a PE ratio of 109.51, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18. The stock has a 50 day moving average of $219.22 and a 200-day moving average of $200.32. 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 (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, topping analysts' consensus estimates 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 last year, the firm earned $3.14 earnings per share. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. On average, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the transaction, the general counsel directly owned 100,486 shares in the company, valued at $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock valued at $4,679,844 in the last three months. 1.26% of the stock is owned by corporate insiders.

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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