Stratos Wealth Partners LTD. Cuts Stock Holdings in Capital One Financial Corporation (NYSE:COF)

Stratos Wealth Partners LTD. reduced its position in shares of Capital One Financial Corporation (NYSE:COF) by 20.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,022 shares of the financial services provider's stock after selling 1,518 shares during the period. Stratos Wealth Partners LTD.'s holdings in Capital One Financial were worth $1,080,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its holdings in Capital One Financial by 1.0% during the fourth quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider's stock worth $936,000 after purchasing an additional 54 shares in the last quarter. Family Legacy Inc. increased its holdings in Capital One Financial by 0.8% in the fourth quarter. Family Legacy Inc. now owns 7,980 shares of the financial services provider's stock valued at $1,438,000 after buying an additional 60 shares in the last quarter. Opal Wealth Advisors LLC increased its holdings in Capital One Financial by 3.1% in the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock valued at $386,000 after buying an additional 64 shares in the last quarter. Aspiriant LLC increased its holdings in Capital One Financial by 2.4% in the first quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock valued at $522,000 after buying an additional 67 shares in the last quarter. Finally, Citizens National Bank Trust Department increased its holdings in Capital One Financial by 25.7% in the first quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock valued at $59,000 after buying an additional 67 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on COF. Bank of America increased their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Wells Fargo & Company increased their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Barclays reaffirmed an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Truist Financial increased their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, April 25th. Finally, TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their target price for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $222.07.

Insider Buying and Selling

In other Capital One Financial news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director owned 56,244 shares in the company, valued at $11,175,682.80. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the transaction, the insider owned 20,089 shares in the company, valued at approximately $4,005,746.60. This trade represents a 32.24% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Down 0.4%

Shares of NYSE COF opened at $219.86 on Friday. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $221.95. The firm's 50 day moving average price is $199.97 and its 200 day moving average price is $189.02. The firm has a market cap of $84.24 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 0.98.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.09%. Capital One Financial's dividend payout ratio (DPR) is currently 20.15%.

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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