Integrated Wealth Concepts LLC Has $1.96 Million Stock Holdings in Capital One Financial Corporation $COF

Key Points

• Integrated Wealth Concepts LLC reduced its stake in Capital One Financial Corporation by 55.1%, selling 13,374 shares and owning a total of 10,918 shares valued at approximately $1.96 million at the end of the quarter.
• Several institutional investors, including Vanguard Group Inc. and Bank of New York Mellon Corp., increased their holdings in Capital One, indicating ongoing interest from major investors.
• Capital One reported earnings of $5.48 per share for the last quarter, significantly exceeding analysts' estimates, along with a revenue of $12.49 billion, which was slightly below expectations.

Integrated Wealth Concepts LLC reduced its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 55.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,918 shares of the financial services provider's stock after selling 13,374 shares during the period. Integrated Wealth Concepts LLC's holdings in Capital One Financial were worth $1,958,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Interval Partners LP purchased a new stake in Capital One Financial during the first quarter valued at about $5,342,000. Hancock Whitney Corp boosted its position in Capital One Financial by 5.6% during the first quarter. Hancock Whitney Corp now owns 1,928 shares of the financial services provider's stock valued at $346,000 after buying an additional 102 shares during the period. Duquesne Family Office LLC purchased a new stake in Capital One Financial during the first quarter valued at about $35,442,000. EJF Capital LLC boosted its position in Capital One Financial by 32.5% during the first quarter. EJF Capital LLC now owns 23,060 shares of the financial services provider's stock valued at $4,135,000 after buying an additional 5,661 shares during the period. Finally, Cinctive Capital Management LP purchased a new stake in Capital One Financial during the first quarter valued at about $11,559,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction dated 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 transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the 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 transaction, the chief accounting officer owned 8,987 shares of the company's stock, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on COF. Bank of America upped their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Truist Financial increased 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 report on Friday. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Barclays restated an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Finally, Citigroup upped 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. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $239.44.

Capital One Financial Trading Down 0.3%

Shares of Capital One Financial stock traded down $0.76 on Friday, reaching $223.59. The company had a trading volume of 2,153,601 shares, compared to its average volume of 2,938,300. Capital One Financial Corporation has a 52-week low of $137.64 and a 52-week high of $232.45. The firm's 50 day moving average price is $217.84 and its two-hundred day moving average price is $196.29. The firm has a market cap of $142.99 billion, a PE ratio of 114.66, a PEG ratio of 0.87 and a beta of 1.17. 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 (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) 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 analyst estimates of $12.72 billion. The company's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.14 EPS. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. 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 dividend payout ratio is presently 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.