TriaGen Wealth Management LLC Takes $571,000 Position in Capital One Financial Corporation $COF

Key Points

• TriaGen Wealth Management LLC acquired a new position in Capital One Financial, purchasing 2,683 shares valued at approximately $571,000 in the second quarter.
• Wall Street analysts have a generally positive outlook on Capital One Financial, with several firms raising their price targets, the consensus rating is a "Moderate Buy" with a target price of $249.44.
• Capital One Financial reported an EPS of $5.48 for the last quarter, significantly exceeding the consensus estimate of $1.93, with revenues also rising 31.4% year over year.

TriaGen Wealth Management LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,683 shares of the financial services provider's stock, valued at approximately $571,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Joel Isaacson & Co. LLC boosted its stake in Capital One Financial by 5.9% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 3,202 shares of the financial services provider's stock valued at $681,000 after acquiring an additional 178 shares during the last quarter. Laraway Financial Advisors Inc bought a new stake in shares of Capital One Financial in the 2nd quarter worth about $841,000. Sachetta LLC raised its stake in shares of Capital One Financial by 141.9% in the 2nd quarter. Sachetta LLC now owns 300 shares of the financial services provider's stock valued at $64,000 after purchasing an additional 176 shares in the last quarter. KLP Kapitalforvaltning AS raised its stake in shares of Capital One Financial by 202.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 311,762 shares of the financial services provider's stock valued at $66,330,000 after purchasing an additional 208,739 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in shares of Capital One Financial during the second quarter worth about $27,000. Institutional investors own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on COF shares. Wells Fargo & Company upped their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. The Goldman Sachs Group reduced their price objective on Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a research note on Friday. Evercore ISI lifted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Tuesday, September 30th. Finally, Royal Bank Of Canada boosted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note 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 company's stock. According to data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus price target of $249.44.

Capital One Financial Stock Down 0.3%

COF stock opened at $213.78 on Tuesday. The stock has a market cap of $136.72 billion, a PE ratio of 109.63, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. The firm's 50-day simple moving average is $219.29 and its 200 day simple moving average is $201.62. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

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, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter last year, the company posted $3.14 EPS. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company's stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction 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 transaction, the chief accounting officer owned 8,780 shares of the company's stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock valued at $5,103,824 in the last quarter. 1.26% of the stock is owned by 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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