OMNI 360 Wealth Inc. Makes New $275,000 Investment in Capital One Financial Corporation $COF

Key Points

• OMNI 360 Wealth Inc. has made a new investment of $275,000 in Capital One Financial, acquiring 1,293 shares of the company's stock during the second quarter.
• Insider trading activity has been notable, with key executives selling shares, including Michael Zamsky, who sold 5,515 shares for approximately $1.16 million.
• Capital One recently reported a strong quarterly earnings per share of $5.48, significantly exceeding analysts' estimates, and announced a quarterly dividend of $0.60.

OMNI 360 Wealth Inc. bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,293 shares of the financial services provider's stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TFB Advisors LLC grew its position in Capital One Financial by 3.4% in the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock valued at $276,000 after acquiring an additional 51 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Capital One Financial by 0.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock valued at $1,097,000 after purchasing an additional 53 shares during the period. Opal Wealth Advisors LLC grew its holdings in shares of Capital One Financial by 3.1% in the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock worth $386,000 after purchasing an additional 64 shares during the last quarter. MAI Capital Management increased its stake in Capital One Financial by 0.7% in the 1st quarter. MAI Capital Management now owns 8,622 shares of the financial services provider's stock worth $1,546,000 after buying an additional 64 shares during the period. Finally, Y.D. More Investments Ltd increased its stake in Capital One Financial by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock worth $97,000 after buying an additional 66 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on 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 sale, the insider owned 27,364 shares of the company's stock, valued at $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 SEC, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders have sold 21,298 shares of company stock worth $4,679,844. Insiders own 1.26% of the company's stock.

Capital One Financial Stock Down 0.3%

Shares of NYSE COF opened at $223.59 on Monday. Capital One Financial Corporation has a 12-month low of $137.64 and a 12-month high of $232.45. The stock's fifty day simple moving average is $217.89 and its two-hundred day simple moving average is $196.49. The stock has a market capitalization of $142.99 billion, a PE ratio of 114.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. The company has a current ratio of 1.02, a quick 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 data 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 analysts' expectations of $12.72 billion. During the same quarter last year, the company earned $3.14 earnings per share. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

Wall Street Analyst Weigh In

COF has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Rothschild & Co Redburn assumed coverage on Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price objective on the stock. Bank of America lifted their target price on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and increased their price target for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

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.

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.