Perfromance Wealth Partners LLC Purchases New Position in Capital One Financial Corporation $COF

Key Points

• Perfromance Wealth Partners LLC purchased 2,062 shares of Capital One Financial, valued at approximately $439,000, marking a new stake in the company during the 2nd quarter.
• Several institutional investors, including Brighton Jones LLC and Wealth Enhancement Advisory Services LLC, have increased their holdings in Capital One, highlighting strong interest from hedge funds.
• Research analysts have raised their price targets for Capital One shares, with Wells Fargo setting a new target of $265.00, reflecting positive sentiment on the company's stock performance.

Perfromance Wealth Partners LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,062 shares of the financial services provider's stock, valued at approximately $439,000.

Several other institutional investors also recently bought and sold shares of COF. Brighton Jones LLC raised its position in Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after acquiring an additional 10,428 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Capital One Financial by 18.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,129 shares of the financial services provider's stock valued at $5,582,000 after acquiring an additional 4,899 shares in the last quarter. Ritholtz Wealth Management raised its position in Capital One Financial by 2.6% during the first quarter. Ritholtz Wealth Management now owns 10,844 shares of the financial services provider's stock valued at $1,944,000 after acquiring an additional 274 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in Capital One Financial during the first quarter valued at approximately $696,000. Finally, Mission Wealth Management LP purchased a new position in Capital One Financial during the first quarter valued at approximately $219,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Capital One Financial

In other news, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares in the company, valued at $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. Over the last three months, insiders sold 23,298 shares of company stock valued at $5,103,824. Insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Truist Financial boosted their price objective on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Morgan Stanley increased their target price on Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a research report on Monday, September 29th. Weiss Ratings reissued a "hold (c-)" rating on shares of Capital One Financial in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a research note on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $252.78.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $207.55 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The business's 50 day moving average price is $218.96 and its 200-day moving average price is $202.67. The firm has a market capitalization of $132.73 billion, a PE ratio of 106.44, a P/E/G ratio of 0.74 and a beta of 1.18. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The business's revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.14 earnings per share. As a group, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid 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 1.2%. Capital One Financial's payout ratio is currently 123.08%.

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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