Kaufman Rossin Wealth LLC Takes $255,000 Position in Capital One Financial Corporation $COF

Key Points

• Kaufman Rossin Wealth LLC acquired 1,197 shares of Capital One Financial, valued at approximately $255,000, as reported in a recent filing with the SEC.
• Several large investors have increased their stakes in Capital One, with Kingstone Capital significantly ramping up by nearly 588,668.3% in the second quarter, indicating strong institutional confidence in the company.
• Capital One Financial recently reported earnings of $5.48 EPS, significantly exceeding analysts' expectations, alongside announcing a quarterly dividend of $0.60, reflecting ongoing profitability.

Kaufman Rossin Wealth LLC bought a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,197 shares of the financial services provider's stock, valued at approximately $255,000.

Several other large investors have also modified their holdings of the stock. Eagle Bay Advisors LLC lifted its holdings in shares of Capital One Financial by 3.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider's stock worth $299,000 after acquiring an additional 49 shares during the period. TFB Advisors LLC lifted its holdings in shares of Capital One Financial by 3.4% during the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock worth $276,000 after acquiring an additional 51 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Capital One Financial by 0.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock worth $1,097,000 after acquiring an additional 53 shares during the period. Opal Wealth Advisors LLC lifted its holdings in shares of Capital One Financial by 3.1% during the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock worth $386,000 after acquiring an additional 64 shares during the period. Finally, MAI Capital Management lifted its holdings in shares of Capital One Financial by 0.7% during the 1st quarter. MAI Capital Management now owns 8,622 shares of the financial services provider's stock worth $1,546,000 after acquiring an additional 64 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In related news, CAO Timothy P. Golden sold 207 shares of the firm's stock in a transaction 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 $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the transaction, the general counsel owned 100,486 shares in the company, valued at $22,448,572.40. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock worth $4,679,844 over the last three months. 1.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Truist Financial raised their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday, September 12th. Citigroup raised 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. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

Capital One Financial Stock Down 1.2%

Shares of COF stock traded down $2.84 during mid-day trading on Monday, reaching $225.48. 2,565,843 shares of the company were exchanged, compared to its average volume of 4,263,394. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $144.20 billion, a P/E ratio of 115.63, a P/E/G ratio of 0.88 and a beta of 1.17. The business's 50 day simple moving average is $218.68 and its 200 day simple moving average is $197.82.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results 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 company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period in the previous year, the business posted $3.14 EPS. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. Research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) 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.