Kingsview Wealth Management LLC Buys 213,107 Shares of Capital One Financial Corporation $COF

Key Points

• Kingsview Wealth Management LLC boosted its stake in Capital One Financial by 1,872.5% in the fourth quarter, buying 213,107 shares and bringing its total holding to 224,488 shares valued at about $54.4 million.
• Institutional ownership remains heavy, with several other hedge funds also adding to or initiating positions; overall, 89.84% of Capital One shares are held by institutional investors.
• Capital One reported earnings below analyst expectations for the latest quarter, while analysts still rate the stock a Moderate Buy on average with a consensus price target of $258.75.

Kingsview Wealth Management LLC lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 1,872.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 224,488 shares of the financial services provider's stock after purchasing an additional 213,107 shares during the quarter. Capital One Financial accounts for about 0.8% of Kingsview Wealth Management LLC's holdings, making the stock its 25th largest position. Kingsview Wealth Management LLC's holdings in Capital One Financial were worth $54,407,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COF. Brighton Jones LLC raised its stake in shares of Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after purchasing an additional 10,428 shares during the period. Intech Investment Management LLC raised its stake in shares of Capital One Financial by 44.3% during the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider's stock valued at $1,608,000 after purchasing an additional 2,753 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Capital One Financial by 118.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider's stock valued at $702,000 after purchasing an additional 1,788 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at $218,000. Finally, Jump Financial LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at $1,086,000. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on Capital One Financial from $280.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, April 9th. Royal Bank Of Canada reduced their target price on Capital One Financial from $275.00 to $235.00 and set a "sector perform" rating for the company in a research report on Friday, April 10th. Barclays boosted their target price on Capital One Financial from $226.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. Morgan Stanley reduced their target price on Capital One Financial from $300.00 to $273.00 and set an "overweight" rating for the company in a research report on Thursday, April 16th. Finally, BTIG Research restated a "buy" rating and set a $224.00 target price on shares of Capital One Financial in a research report on Wednesday, April 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $258.75.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the sale, the general counsel directly owned 97,194 shares in the company, valued at approximately $17,876,892.42. The trade was a 3.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the sale, the insider owned 61,579 shares of the company's stock, valued at approximately $11,858,883.82. The trade was a 2.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 8,040 shares of company stock worth $1,498,615. 0.78% of the stock is currently owned by insiders.

Capital One Financial Price Performance

COF opened at $189.03 on Thursday. The stock has a 50-day moving average price of $188.87 and a 200-day moving average price of $209.73. Capital One Financial Corporation has a 12-month low of $174.98 and a 12-month high of $259.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $117.63 billion, a P/E ratio of 66.33, a PEG ratio of 0.68 and a beta of 1.05.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The firm had revenue of $15.23 billion during the quarter, compared to analysts' expectations of $15.68 billion. During the same quarter in the previous year, the company posted $4.06 earnings per share. Capital One Financial's revenue for the quarter was up 52.3% compared to the same quarter last year. Equities analysts predict that Capital One Financial Corporation will post 19.14 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, May 19th. Capital One Financial's payout ratio is presently 112.28%.

About Capital One Financial

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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