Sowell Financial Services LLC Boosts Stake in Capital One Financial Corporation $COF

Key Points

• Sowell Financial Services LLC increased its stake in Capital One Financial Corporation by 131.9% in the second quarter, now owning 9,838 shares valued at approximately $2,093,000.
• Institutional investors now own 89.84% of Capital One's stock, reflecting significant interest and investment from various funds.
• Capital One Financial's recent earnings surpassed estimates, reporting $5.48 EPS for the quarter, likely contributing to analysts assigning a consensus rating of "Moderate Buy."

Sowell Financial Services LLC lifted its stake in Capital One Financial Corporation (NYSE:COF) by 131.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,838 shares of the financial services provider's stock after buying an additional 5,595 shares during the period. Sowell Financial Services LLC's holdings in Capital One Financial were worth $2,093,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of Capital One Financial in the first quarter worth about $25,000. Saudi Central Bank purchased a new stake in shares of Capital One Financial in the first quarter worth about $27,000. Beacon Capital Management LLC boosted its position in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after buying an additional 97 shares during the period. Physician Wealth Advisors Inc. boosted its position in shares of Capital One Financial by 1,200.0% in the second quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider's stock worth $33,000 after buying an additional 144 shares during the period. Finally, Nova Wealth Management Inc. boosted its position in shares of Capital One Financial by 629.6% in the second quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock worth $42,000 after buying an additional 170 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insiders Place Their Bets

In related news, CAO Timothy P. Golden sold 207 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at $1,891,299.80. This trade represents a 2.30% decrease in their position. The transaction 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 Capital One Financial stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the transaction, the general counsel owned 100,486 shares in the company, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock valued at $4,679,844 in the last quarter. 1.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on COF shares. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and increased their price target for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Citigroup increased their price target on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wells Fargo & Company increased their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

Capital One Financial Stock Down 1.2%

COF opened at $225.48 on Tuesday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $144.20 billion, a P/E ratio of 115.63, a P/E/G ratio of 0.88 and a beta of 1.17. The stock's 50 day moving average price is $218.78 and its 200 day moving average price is $198.19.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $3.14 earnings per share. The firm's revenue was up 31.4% compared to the same quarter last year. As a group, research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) 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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