LMG Wealth Partners LLC Invests $254,000 in Capital One Financial Corporation $COF

Key Points

• LMG Wealth Partners LLC has invested approximately $254,000 in Capital One Financial Corporation by purchasing 1,194 shares of its stock during the 2nd quarter.
• Capital One recently reported $5.48 earnings per share for the last quarter, significantly surpassing analysts’ estimates of $1.93.
• The company also declared a quarterly dividend of $0.60 per share, with a dividend yield of 1.1%, although its payout ratio stands at 123.08%.

LMG Wealth Partners LLC purchased a new position in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,194 shares of the financial services provider's stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. LB Partners LLC purchased a new position in shares of Capital One Financial in the second quarter worth about $13,629,000. Community Bank of Raymore purchased a new position in shares of Capital One Financial in the second quarter worth about $301,000. Calamos Wealth Management LLC lifted its stake in shares of Capital One Financial by 120.9% in the second quarter. Calamos Wealth Management LLC now owns 4,025 shares of the financial services provider's stock worth $856,000 after buying an additional 2,203 shares in the last quarter. Cidel Asset Management Inc. lifted its stake in shares of Capital One Financial by 85.7% in the second quarter. Cidel Asset Management Inc. now owns 10,561 shares of the financial services provider's stock worth $2,247,000 after buying an additional 4,875 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its stake in shares of Capital One Financial by 7.5% in the second quarter. Salomon & Ludwin LLC now owns 1,069 shares of the financial services provider's stock worth $234,000 after buying an additional 75 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of COF opened at $211.25 on Monday. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The stock has a market cap of $135.10 billion, a PE ratio of 108.33, a P/E/G ratio of 0.76 and a beta of 1.18. The firm has a 50-day simple moving average of $219.01 and a two-hundred day simple moving average of $203.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating 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 quarter in the prior year, the business earned $3.14 earnings per share. Capital One Financial's revenue was up 31.4% on a year-over-year basis. As a group, analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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 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 currently 123.08%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in 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 stock an "outperform" rating in a research note on Wednesday, July 23rd. Barclays lifted their target price on shares of Capital One Financial from $253.00 to $257.00 and gave the stock an "overweight" rating in a research note on Monday, October 6th. Evercore ISI lifted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 30th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 target price on the stock. Finally, Royal Bank Of Canada lifted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and an average target price of $252.78.

Insider Activity at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial 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 sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock valued at $5,103,824 in the last ninety days. Insiders own 1.26% of the company's stock.

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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