Philip James Wealth Mangement LLC Acquires New Holdings in Capital One Financial Corporation $COF

Key Points

• Philip James Wealth Management LLC has acquired a new position in Capital One Financial, purchasing 1,899 shares valued at approximately $404,000 during the second quarter.
• General Counsel Matthew W. Cooper sold 2,000 shares of Capital One stock for a total of $446,800, representing a 1.95% decrease in his ownership.
• Capital One has received multiple upgrades from analysts, with Barclays raising its price target to $253, while Citigroup boosted its target to $275, reflecting growing confidence in the company's performance.

Philip James Wealth Mangement LLC purchased a new position in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,899 shares of the financial services provider's stock, valued at approximately $404,000.

Several other institutional investors have also added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC raised its position in Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after acquiring an additional 117,427,549 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of Capital One Financial in the first quarter valued at approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Capital One Financial by 45.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock valued at $838,609,000 after buying an additional 1,454,595 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after acquiring an additional 950,415 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Capital One Financial in the first quarter worth approximately $141,599,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel directly owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 in the last three months. 1.26% of the stock is owned by insiders.

Capital One Financial Price Performance

COF stock opened at $213.55 on Thursday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The stock's fifty day simple moving average is $219.22 and its 200-day simple moving average is $200.32. 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 stock has a market capitalization of $136.57 billion, a price-to-earnings ratio of 109.51, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last issued its 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 firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the previous year, the business posted $3.14 EPS. Capital One Financial's revenue was up 31.4% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's payout ratio is presently 123.08%.

Analyst Ratings Changes

COF has been the topic of a number of recent research reports. Barclays reissued an "overweight" rating and set a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. 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 report on Friday, September 12th. Citigroup boosted their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average target price of $244.29.

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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