Woodmont Investment Counsel LLC Invests $499,000 in Capital One Financial Corporation $COF

Key Points

• Woodmont Investment Counsel LLC invested approximately $499,000 in Capital One Financial, acquiring 2,345 shares of the company during the second quarter.
• Analysts have boosted their target prices for Capital One Financial, with Truist Financial raising it from $260.00 to $270.00 and others following suit, indicating a consensus rating of "Moderate Buy".
• Capital One Financial recently declared a quarterly dividend of $0.60 per share, representing an annualized yield of 1.1%, although its dividend payout ratio stands at a high 123.08%.

Woodmont Investment Counsel LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,345 shares of the financial services provider's stock, valued at approximately $499,000.

A number of other institutional investors and hedge funds have also bought and sold shares of COF. WPG Advisers LLC bought a new position in shares of Capital One Financial in the first quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC increased 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 acquiring an additional 62 shares in the last quarter. Olistico Wealth LLC raised its holdings in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Saudi Central Bank bought a new position in Capital One Financial in the 1st quarter valued at approximately $27,000. Finally, Signature Resources Capital Management LLC bought a new position in Capital One Financial in the 2nd quarter valued at approximately $28,000. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on COF shares. Weiss Ratings restated a "hold (c-)" rating on shares of Capital One Financial in a research note on Saturday, September 27th. Truist Financial boosted their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a research note on Thursday, October 2nd. Robert W. Baird lifted their price target on shares of Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday, October 2nd. Finally, Morgan Stanley increased their price objective on shares of Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a research report on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $249.44.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction dated 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 sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. This trade represents a 1.99% 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 three months. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Stock Performance

COF opened at $213.78 on Tuesday. The company's 50 day moving average is $219.29 and its 200 day moving average is $201.62. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $136.72 billion, a price-to-earnings ratio of 109.63, a PEG ratio of 0.79 and a beta of 1.18. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results 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 business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.14 earnings per share. On average, equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced 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 (DPR) is currently 123.08%.

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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