Parisi Gray Wealth Management Purchases Shares of 1,149 Capital One Financial Corporation $COF

Key Points

• Parisi Gray Wealth Management has acquired a new position by purchasing 1,149 shares of Capital One Financial, valued at approximately $245,000, during the second quarter.
• Insider trading activity showed significant sales of company stock by executives, with a total of 21,298 shares sold worth about $4.68 million in the past ninety days.
• Despite challenges, Capital One Financial recently reported $5.48 EPS for the quarter, surpassing analysts' projections significantly, and declared a quarterly dividend of $0.60.

Parisi Gray Wealth Management purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,149 shares of the financial services provider's stock, valued at approximately $245,000.

Other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in shares of Capital One Financial in the first quarter valued at approximately $25,000. Saudi Central Bank acquired a new position in shares of Capital One Financial during the first quarter worth $27,000. Beacon Capital Management LLC increased its holdings in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after buying an additional 97 shares in the last quarter. Nova Wealth Management Inc. increased its holdings in Capital One Financial by 629.6% in the second quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 170 shares during the period. Finally, Bogart Wealth LLC increased its holdings in Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 243 shares during the period. Institutional investors own 89.84% of the company's stock.

Insider Activity

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the business's 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 transaction, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock worth $4,679,844 over the last ninety days. 1.26% of the stock is owned by insiders.

Capital One Financial Stock Performance

Capital One Financial stock opened at $223.59 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $142.99 billion, a PE ratio of 114.66, a P/E/G ratio of 0.87 and a beta of 1.17. The firm has a fifty day simple moving average of $217.89 and a two-hundred day simple moving average of $196.49. Capital One Financial Corporation has a twelve month low of $137.64 and a twelve month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the previous year, the firm posted $3.14 EPS. Capital One Financial's revenue was up 31.4% compared to the same quarter last year. Research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $0.60 dividend. 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 payout ratio is presently 123.08%.

Analysts Set New Price Targets

A number of brokerages have weighed in on COF. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. 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 research report on Wednesday, July 23rd. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective for the company. Finally, TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $239.44.

About Capital One Financial

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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