Pure Financial Advisors LLC Takes Position in Capital One Financial Corporation $COF

Key Points

• Pure Financial Advisors LLC acquired a new stake in Capital One Financial Corporation, purchasing 1,336 shares valued at approximately $284,000 during the 2nd quarter.
• Several institutional investors significantly increased their holdings in Capital One Financial, with Kingstone Capital Partners raising their stake by over 588,668% and now owning shares worth nearly $25 billion.
• Equity analysts have recently upgraded Capital One Financial's stock ratings, with a consensus rating of "Moderate Buy" and a target price of $249.06, reflecting growing investor confidence.

Pure Financial Advisors LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,336 shares of the financial services provider's stock, valued at approximately $284,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Capital One Financial by 588,668.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock worth $24,988,129,000 after acquiring an additional 117,427,549 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in Capital One Financial in the first quarter worth about $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Capital One Financial by 45.1% during 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 during the period. Bank of New York Mellon Corp grew its stake in shares of Capital One Financial by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after buying an additional 950,415 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Capital One Financial during the first quarter valued at approximately $141,599,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Wells Fargo & Company boosted their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Morgan Stanley lifted 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, September 29th. Finally, The Goldman Sachs Group dropped their target price on shares of Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a research note on Friday. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.06.

Capital One Financial Price Performance

Shares of COF opened at $214.39 on Friday. 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 company has a 50 day moving average price of $219.30 and a 200-day moving average price of $201.16. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The stock has a market capitalization of $137.10 billion, a PE ratio of 109.94, a PEG ratio of 0.82 and a beta of 1.18.

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 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The business's quarterly revenue was up 31.4% on a year-over-year basis. During the same period last year, the firm earned $3.14 EPS. Equities analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the firm'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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock worth $5,103,824 over the last ninety days. 1.26% of the stock is currently owned by company insiders.

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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