Patriot Financial Group Insurance Agency LLC Raises Holdings in Capital One Financial Corporation $COF

Key Points

• Patriot Financial Group Insurance Agency LLC increased its stake in Capital One Financial by 71.0% during Q2, owning 3,556 shares worth approximately $757,000 as of the latest SEC filing.
• Multiple analysts have raised their price targets for Capital One Financial, with Citigroup setting a new target of $275.00 and maintaining a "buy" rating, suggesting strong market confidence in the stock.
• Capital One Financial reported an earnings per share (EPS) of $5.48 for its last quarter, significantly exceeding estimates, with a revenue growth of 31.4% year-over-year.

Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 71.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,556 shares of the financial services provider's stock after buying an additional 1,476 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Capital One Financial were worth $757,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. WPG Advisers LLC acquired a new position in shares of Capital One Financial during the first quarter worth $25,000. Moisand Fitzgerald Tamayo LLC increased its position in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after purchasing an additional 62 shares in the last quarter. Saudi Central Bank acquired a new position in shares of Capital One Financial during the first quarter worth $27,000. Signature Resources Capital Management LLC acquired a new position in shares of Capital One Financial during the second quarter worth $28,000. Finally, Beacon Capital Management LLC increased its position 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 purchasing an additional 97 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup upped their price target on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Royal Bank Of Canada upped their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company upped their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Morgan Stanley boosted their price objective on shares of Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a report on Monday. Finally, Truist Financial boosted their price objective 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. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $249.06.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares of the company's stock, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider directly 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 disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock valued at $5,103,824 in the last three months. Company insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

NYSE:COF opened at $214.39 on Friday. Capital One Financial Corporation has a one year low of $143.22 and a one year 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 firm has a market cap of $137.10 billion, a price-to-earnings ratio of 109.94, a PEG ratio of 0.81 and a beta of 1.18. The firm's fifty day moving average is $219.30 and its two-hundred day moving average is $200.97.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. During the same period in the previous year, the company posted $3.14 earnings per share. Capital One Financial's revenue for the quarter 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio 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.

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