Simplicity Wealth LLC Invests $734,000 in Capital One Financial Corporation $COF

Key Points

• Simplicity Wealth LLC has acquired a significant position in Capital One Financial Corporation, purchasing 3,451 shares for around $734,000 in the second quarter.
• Multiple other institutional investors have also increased their stakes in Capital One, with notable increases reported by Moisand Fitzgerald Tamayo LLC and Olistico Wealth LLC.
• Wall Street analysts have recently upgraded Capital One's stock ratings, with a majority providing a consensus rating of "Moderate Buy" and a price target of $250.44.

Simplicity Wealth LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,451 shares of the financial services provider's stock, valued at approximately $734,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC raised its position in shares of Capital One Financial by 103.3% during the second 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 raised its position in shares of Capital One Financial by 439.1% during the second 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. Signature Resources Capital Management LLC bought a new stake in shares of Capital One Financial during the second quarter worth $28,000. WPG Advisers LLC bought a new stake in shares of Capital One Financial during the first quarter worth $25,000. Finally, Saudi Central Bank bought a new stake in shares of Capital One Financial during the first quarter worth $27,000. Institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on COF shares. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. TD Cowen upped their price objective on Capital One Financial from $258.00 to $261.00 and gave the company a "buy" rating in a report on Monday. Morgan Stanley upped their price objective on Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Finally, Royal Bank Of Canada upped their price objective on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Three 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 stock. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.44.

Insider Transactions at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value 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 trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Stock Down 0.2%

NYSE:COF opened at $213.39 on Wednesday. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. 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 cap of $136.46 billion, a price-to-earnings ratio of 109.43, a PEG ratio of 0.79 and a beta of 1.18. The stock has a 50-day moving average price of $219.29 and a two-hundred day moving average price of $201.70.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) 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 analyst estimates of $12.72 billion. During the same period in the previous year, the firm posted $3.14 earnings per share. The firm's revenue was up 31.4% on a year-over-year basis. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued 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 was Friday, August 15th. Capital One Financial's payout ratio is 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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