Stratos Wealth Partners LTD. Raises Position in Capital One Financial Corporation $COF

Key Points

• Stratos Wealth Partners LTD. significantly increased its stake in Capital One Financial Corporation by 139.6% during the second quarter, bringing their total holdings to 14,429 shares valued at approximately $3,070,000.
• Several institutional investors also boosted their shares in Capital One, with 89.84% of the stock now held by hedge funds and institutional entities.
• Analysts have a consensus rating of "Moderate Buy" for Capital One, with price targets ranging from $235 to $261 following recent adjustments.

Stratos Wealth Partners LTD. boosted its stake in Capital One Financial Corporation (NYSE:COF) by 139.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,429 shares of the financial services provider's stock after buying an additional 8,407 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Capital One Financial were worth $3,070,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Capital One Financial by 18.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after buying an additional 9,374 shares in the last quarter. Plancorp LLC purchased a new position in Capital One Financial in the 2nd quarter valued at about $272,000. Creative Financial Designs Inc. ADV lifted its stake in Capital One Financial by 105.3% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after buying an additional 394 shares in the last quarter. Private Advisor Group LLC lifted its stake in Capital One Financial by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after buying an additional 1,312 shares in the last quarter. Finally, Mutual Advisors LLC purchased a new position in Capital One Financial in the 1st quarter valued at about $215,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. JPMorgan Chase & Co. dropped their price target on Capital One Financial from $248.00 to $235.00 and set a "neutral" rating for the company in a research report on Tuesday, October 7th. TD Cowen upped their price target on Capital One Financial from $258.00 to $261.00 and gave the company a "buy" rating in a research report on Monday, October 6th. Robert W. Baird upped their price target on Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a research report on Thursday, October 2nd. Finally, Evercore ISI upped their price target on Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average price target of $252.78.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 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 transaction, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is currently owned by insiders.

Capital One Financial Stock Up 4.0%

Shares of NYSE COF opened at $211.25 on Monday. The company has a 50 day simple moving average of $219.01 and a 200-day simple moving average of $203.65. The company has a market capitalization of $135.10 billion, a P/E ratio of 108.33, a P/E/G ratio of 0.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.14 EPS. On average, equities 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 declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's payout ratio is 123.08%.

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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