Sequoia Financial Advisors LLC Raises Stock Holdings in Capital One Financial Corporation $COF

Sequoia Financial Advisors LLC lifted its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 110.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,919 shares of the financial services provider's stock after buying an additional 8,370 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Capital One Financial were worth $3,387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of COF. Kingstone Capital Partners Texas LLC raised its holdings in shares of Capital One Financial by 588,668.3% in 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 buying an additional 117,427,549 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in shares of Capital One Financial in the first quarter worth approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Capital One Financial by 45.1% in 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 grew its stake in Capital One Financial by 23.7% in 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 bought a new position in Capital One Financial in the first quarter worth approximately $141,599,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Morgan Stanley increased their price objective on Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. Royal Bank Of Canada increased their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Rothschild & Co Redburn assumed coverage on 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, Wells Fargo & Company increased their price objective 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 issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $252.78.

Capital One Financial Stock Up 3.1%

Shares of NYSE COF opened at $214.08 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $136.91 billion, a PE ratio of 109.78, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18. The stock's fifty day simple moving average is $219.00 and its two-hundred day simple moving average is $202.75. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The firm's revenue was up 31.4% compared to the same quarter last year. During the same period last year, the business posted $3.14 EPS. As a group, analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction 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 sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction 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 sale, 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. In the last 90 days, insiders have sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is currently owned by company insiders.

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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