Sagespring Wealth Partners LLC Has $1.61 Million Stock Holdings in Capital One Financial Corporation $COF

Key Points

• Sagespring Wealth Partners LLC increased its stake in Capital One Financial by 73.3%, holding 7,563 shares valued at approximately $1.61 million after purchasing additional shares in the second quarter.
• Capital One Financial recently reported $5.48 earnings per share, significantly surpassing the expected $1.93, while quarterly revenue rose by 31.4% year-over-year.
• The company's stock has received a consensus rating of "Moderate Buy" from analysts, with a target price averaging $252.78.

Sagespring Wealth Partners LLC increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 73.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,563 shares of the financial services provider's stock after purchasing an additional 3,199 shares during the quarter. Sagespring Wealth Partners LLC's holdings in Capital One Financial were worth $1,609,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in Capital One Financial during the 1st quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC grew its holdings in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after acquiring an additional 62 shares during the last quarter. Olistico Wealth LLC grew its holdings in Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Saudi Central Bank bought a new stake in Capital One Financial during the 1st quarter worth approximately $27,000. Finally, RMG Wealth Management LLC bought a new stake in Capital One Financial during the 2nd quarter worth approximately $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on COF shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Capital One Financial in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Morgan Stanley boosted their target price on shares of Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price objective 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 assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus target price of $252.78.

Capital One Financial Stock Up 3.1%

Shares of NYSE COF opened at $214.08 on Wednesday. The firm has a market cap of $136.91 billion, a PE ratio of 109.78, a P/E/G ratio of 0.76 and a beta of 1.18. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The company's fifty day simple moving average is $219.00 and its 200 day simple moving average is $202.75. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data 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 business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same period last year, the business posted $3.14 earnings per share. The firm's quarterly revenue was up 31.4% on a year-over-year basis. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.60 dividend. 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 dividend payout ratio (DPR) is 123.08%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction on 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 transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock valued at $5,103,824 over the last ninety days. 1.26% of the stock is currently owned by corporate 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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