Segment Wealth Management LLC Makes New $1.22 Million Investment in Capital One Financial Corporation $COF

Key Points

• Segment Wealth Management LLC has made a new investment of approximately $1.22 million in Capital One Financial, acquiring 5,734 shares of the company during the second quarter.
• Capital One Financial has experienced significant institutional interest, with over 89.84% of its stock owned by institutional investors, signaling strong confidence in the company.
• Analysts have recently upgraded Capital One Financial's rating, with a notable increase in price targets from multiple firms, reflecting a consensus of a Moderate Buy with an average target price of $249.06.

Segment Wealth Management LLC acquired a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,734 shares of the financial services provider's stock, valued at approximately $1,220,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of COF. Kingstone Capital Partners Texas LLC lifted its stake in shares of 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 worth $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Capital One Financial during the first quarter worth about $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 worth $838,609,000 after purchasing an additional 1,454,595 shares in the last quarter. Bank of New York Mellon Corp lifted 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 worth $889,519,000 after purchasing an additional 950,415 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Capital One Financial during the first quarter worth about $141,599,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Analyst Ratings Changes

COF has been the topic of a number of recent research reports. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Capital One Financial from $215.00 to $224.00 and gave the stock a "hold" rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Three research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.06.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares of the company's stock, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the transaction, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock valued at $5,103,824 in the last three months. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Up 0.3%

Shares of Capital One Financial stock opened at $214.39 on Friday. 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 firm has a market cap of $137.10 billion, a P/E ratio of 109.94, a P/E/G ratio of 0.81 and a beta of 1.18. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The business has a 50-day moving average price of $219.30 and a 200 day moving average price of $200.97.

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 firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.14 earnings per share. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's payout ratio is currently 123.08%.

Capital One Financial 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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