Revolve Wealth Partners LLC Buys Shares of 1,773 Capital One Financial Corporation $COF

Key Points

• Revolve Wealth Partners LLC acquired a new stake of 1,773 shares in Capital One Financial, valued at approximately $377,000, during the second quarter of 2023.
• Capital One Financial reported an EPS of $5.48 for the last quarter, significantly beating analysts' expectations of $1.93, coupled with a revenue of $12.49 billion, reflecting a 31.4% year-over-year increase.
• Analysts have set a consensus target price of $252.78 for Capital One Financial, with ratings ranging from "Strong Buy" to "Hold" from various investment firms.

Revolve Wealth Partners LLC bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,773 shares of the financial services provider's stock, valued at approximately $377,000.

Several other hedge funds and other institutional investors also recently modified their holdings of COF. Brighton Jones LLC grew its holdings in shares of 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 worth $2,423,000 after purchasing an additional 10,428 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 worth $5,582,000 after purchasing an additional 4,899 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of 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 worth $1,944,000 after purchasing an additional 274 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Capital One Financial during the first quarter worth about $696,000. Finally, Mission Wealth Management LP purchased a new position in shares of Capital One Financial during the first quarter worth about $219,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $207.55 on Tuesday. 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 company has a market cap of $132.73 billion, a PE ratio of 106.44, a P/E/G ratio of 0.74 and a beta of 1.18. The business has a 50 day moving average of $218.96 and a 200 day moving average of $202.67. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45.

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

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Analyst Ratings Changes

COF has been the subject of several recent analyst reports. HSBC set a $218.00 price objective on Capital One Financial and gave the stock a "hold" rating in a report on Friday. TD Cowen boosted their target price on Capital One Financial from $258.00 to $261.00 and gave the stock a "buy" rating in a research report on Monday, October 6th. Wells Fargo & Company boosted their target price 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. Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Finally, Citigroup boosted their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $252.78.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction that occurred 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 transaction, the general counsel owned 98,486 shares of the company's stock, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock worth $5,103,824 in the last ninety days. Insiders own 1.26% of the company's stock.

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.

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.