True Link Financial Advisors LLC Purchases New Shares in Capital One Financial Corporation $COF

Key Points

• True Link Financial Advisors LLC has acquired a new stake of 1,397 shares in Capital One Financial Corporation, valued at approximately $297,000, according to its Form 13F filing.
• Capital One Financial reported a quarterly EPS of $5.48, significantly exceeding analysts' expectations of $1.93, with a revenue increase of 31.4% compared to the previous year.
• The company announced a quarterly dividend of $0.60 per share, equating to an annualized yield of 1.1%, but showcases a high dividend payout ratio of 123.08%.

True Link Financial Advisors LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,397 shares of the financial services provider's stock, valued at approximately $297,000.

Other large investors also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC lifted 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 valued at $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC increased its holdings in 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 buying an additional 101 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in Capital One Financial during the second quarter worth about $27,000. Signature Resources Capital Management LLC purchased a new stake in Capital One Financial during the second quarter worth about $28,000. Finally, WPG Advisers LLC purchased a new stake in Capital One Financial during the first quarter worth about $25,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Price Performance

COF opened at $211.79 on Thursday. The firm has a 50-day moving average price of $219.22 and a 200-day moving average price of $201.77. 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 Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company has a market capitalization of $135.44 billion, a price-to-earnings ratio of 108.61, a PEG ratio of 0.79 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates 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 business posted $3.14 earnings per share. Capital One Financial's revenue was up 31.4% compared to the same quarter last year. Equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given 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 dividend payout ratio (DPR) is 123.08%.

Insider Activity

In other news, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock valued at $5,103,824 over the last ninety days. 1.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

COF has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price objective on shares of Capital One Financial from $276.00 to $266.00 and set a "buy" rating for the company in a report on Friday, October 3rd. Keefe, Bruyette & Woods raised their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Morgan Stanley raised their price objective on shares of Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Capital One Financial from $248.00 to $235.00 and set a "neutral" rating for the company in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $250.44.

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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