Wedmont Private Capital Purchases 9,235 Shares of Capital One Financial Corporation $COF

Key Points

• Wedmont Private Capital increased its Capital One Financial position by 82% in the third quarter, acquiring 9,235 additional shares and bringing its holdings to 20,496 shares worth approximately $3.96 million. Institutional investors and hedge funds collectively own 89.84% of COF.
• Analysts maintain a generally positive outlook, with 20 Buy ratings and five Hold ratings, producing a “Moderate Buy” consensus and an average price target of $256.09.
• Capital One reported quarterly EPS of $5.81, beating estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion. The company also paid a quarterly dividend of $0.80 per share, equivalent to a 1.6% yield.

Wedmont Private Capital boosted its position in Capital One Financial Corporation (NYSE:COF) by 82.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,496 shares of the financial services provider's stock after acquiring an additional 9,235 shares during the quarter. Wedmont Private Capital's holdings in Capital One Financial were worth $3,957,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Athena Wealth Management LLC boosted its holdings in Capital One Financial by 3.7% in the third quarter. Athena Wealth Management LLC now owns 5,985 shares of the financial services provider's stock valued at $1,155,000 after acquiring an additional 214 shares during the last quarter. Journey Retirement Planning & Investment Management LLC acquired a new position in shares of Capital One Financial in the 3rd quarter valued at about $280,000. Breakwater Capital Group increased its holdings in Capital One Financial by 373.4% in the third quarter. Breakwater Capital Group now owns 9,341 shares of the financial services provider's stock worth $1,803,000 after purchasing an additional 7,368 shares in the last quarter. LifeGoal Investments LLC lifted its position in shares of Capital One Financial by 45.2% during the 3rd quarter. LifeGoal Investments LLC now owns 2,929 shares of the financial services provider's stock valued at $566,000 after acquiring an additional 912 shares during the period. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in Capital One Financial by 1.2% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 176,401 shares of the financial services provider's stock worth $34,058,000 after purchasing an additional 2,100 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $196.22, for a total value of $686,770.00. Following the completion of the sale, the general counsel owned 79,694 shares of the company's stock, valued at approximately $15,637,556.68. The trade was a 4.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the business's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the sale, the insider owned 26,328 shares of the company's stock, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 33,850 shares of company stock valued at $7,167,152 in the last ninety days. Corporate insiders own 0.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COF. JPMorgan Chase & Co. increased their target price on Capital One Financial from $215.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. Bank of America dropped their target price on Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. BMO Capital Markets initiated coverage on Capital One Financial in a report on Friday. They set a "market perform" rating and a $219.00 price objective on the stock. HSBC upgraded Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. Finally, TD Cowen reduced their price objective on Capital One Financial from $253.00 to $242.00 and set a "buy" rating on the stock in a research report on Tuesday. Twenty research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $256.09.

Capital One Financial Stock Up 0.1%

Shares of COF stock traded up $0.28 during trading hours on Friday, hitting $199.68. 1,143,040 shares of the company's stock traded hands, compared to its average volume of 4,644,855. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The stock's fifty day simple moving average is $210.37 and its two-hundred day simple moving average is $199.66. The stock has a market cap of $122.50 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.72 and a beta of 1.04.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion for the quarter, compared to analysts' expectations of $15.76 billion. During the same quarter in the previous year, the business posted $5.48 EPS. Capital One Financial's revenue was up 26.9% compared to the same quarter last year. On average, analysts expect that Capital One Financial Corporation will post 20.33 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, August 17th. Capital One Financial's payout ratio is presently 19.80%.

About Capital One Financial

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.

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