Wedmont Private Capital Buys 3,146 Shares of Capital One Financial Corporation $COF

Key Points

• Wedmont Private Capital increased its stake in Capital One Financial by 53.6% during Q2, owning $1.97 million in shares as per the latest SEC filing.
• Capital One reported $5.48 earnings per share for the recent quarter, significantly exceeding analysts' estimates, while revenue grew by 31.4% year-over-year.
• The company recently declared a quarterly dividend of $0.60, indicating a dividend yield of 1.0%, although its payout ratio stands at 123.08%.

Wedmont Private Capital raised its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 53.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,016 shares of the financial services provider's stock after acquiring an additional 3,146 shares during the quarter. Wedmont Private Capital's holdings in Capital One Financial were worth $1,966,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. TFB Advisors LLC boosted its stake in shares of Capital One Financial by 3.4% during the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock valued at $276,000 after purchasing an additional 51 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Capital One Financial by 0.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock valued at $1,097,000 after purchasing an additional 53 shares in the last quarter. Opal Wealth Advisors LLC boosted its stake in shares of Capital One Financial by 3.1% during the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock valued at $386,000 after purchasing an additional 64 shares in the last quarter. MAI Capital Management boosted its stake in shares of Capital One Financial by 0.7% during the 1st quarter. MAI Capital Management now owns 8,622 shares of the financial services provider's stock valued at $1,546,000 after purchasing an additional 64 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its stake in shares of Capital One Financial by 13.9% during the 1st quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock valued at $97,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel directly owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 in the last ninety days. Corporate insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on COF shares. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 price objective on the stock. Royal Bank Of Canada boosted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Three research 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $239.44.

Capital One Financial Stock Performance

Capital One Financial stock traded down $1.61 during midday trading on Friday, reaching $228.13. 4,825,233 shares of the company traded hands, compared to its average volume of 2,808,706. The firm has a market capitalization of $145.89 billion, a price-to-earnings ratio of 116.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. The business has a 50 day moving average of $218.68 and a two-hundred day moving average of $197.59. 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.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the company earned $3.14 EPS. 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. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. 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 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.