Quent Capital LLC Has $863,000 Stake in Capital One Financial Corporation $COF

Key Points

• Quent Capital LLC significantly increased its stake in Capital One Financial Corporation by 84.4% in Q2, now holding shares worth $863,000.
• Several research firms have upgraded Capital One Financial's ratings, with Wall Street Zen changing its rating from "hold" to "buy" and analysts setting an average price target of $249.06.
• Insider selling activity was noted, with Michael Zamsky and Timothy P. Golden selling a combined 8,977 shares of Capital One stock recently, representing significant decreases in their positions.

Quent Capital LLC grew its holdings in Capital One Financial Corporation (NYSE:COF) by 84.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,055 shares of the financial services provider's stock after buying an additional 1,856 shares during the period. Quent Capital LLC's holdings in Capital One Financial were worth $863,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after buying an additional 9,374 shares during the last quarter. Plancorp LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $272,000. Creative Financial Designs Inc. ADV lifted its position in shares of Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after buying an additional 394 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after buying an additional 1,312 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at approximately $215,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on COF. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. The Goldman Sachs Group dropped their price target on Capital One Financial from $276.00 to $266.00 and set a "buy" rating for the company in a report on Friday. Rothschild & Co Redburn started coverage on Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price target for the company. JPMorgan Chase & Co. lifted 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, Robert W. Baird lifted their price target on Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and an average target price of $249.06.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction 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 transaction, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock valued at $5,103,824 over the last 90 days. 1.26% of the stock is currently owned by insiders.

Capital One Financial Price Performance

Shares of NYSE COF opened at $214.39 on Friday. The stock has a market capitalization of $137.10 billion, a PE ratio of 109.94, a P/E/G ratio of 0.81 and a beta of 1.18. 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 has a fifty day moving average price of $219.30 and a two-hundred day moving average price of $200.97. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. Capital One Financial'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 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. Shareholders of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. 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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