Xcel Wealth Management LLC Boosts Stock Position in Capital One Financial Corporation $COF

Key Points

• Xcel Wealth Management LLC increased its holdings in Capital One Financial by 86.1%, now owning approximately 43,614 shares valued at $9,279,000, making it the firm's 10th largest investment.
• Truist Financial and Citigroup have raised their price targets for Capital One Financial, indicating a bullish outlook with price targets set at $270.00 and $275.00, respectively.
• Capital One Financial reported strong earnings with an EPS of $5.48, significantly exceeding analyst estimates, and has a dividend yield of 1.1%.

Xcel Wealth Management LLC boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 86.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,614 shares of the financial services provider's stock after purchasing an additional 20,174 shares during the quarter. Capital One Financial comprises approximately 2.6% of Xcel Wealth Management LLC's investment portfolio, making the stock its 10th biggest position. Xcel Wealth Management LLC's holdings in Capital One Financial were worth $9,279,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in Capital One Financial in the 1st quarter valued at about $25,000. Saudi Central Bank acquired a new stake in shares of Capital One Financial in the 1st quarter valued at $27,000. Beacon Capital Management LLC increased its stake in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Capital One Financial by 1,200.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider's stock worth $33,000 after buying an additional 144 shares in the last quarter. Finally, Nova Wealth Management Inc. lifted its position in shares of Capital One Financial by 629.6% during the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock worth $42,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on COF shares. Truist Financial lifted their target price on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Citigroup raised their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $239.44.

Capital One Financial Price Performance

Shares of NYSE COF opened at $224.14 on Thursday. The firm has a market capitalization of $143.34 billion, a P/E ratio of 114.95, a P/E/G ratio of 0.86 and a beta of 1.17. The firm's 50-day moving average price is $219.08 and its 200-day moving average price is $198.54. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued 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 firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the previous year, the firm earned $3.14 earnings per share. The business's quarterly revenue was up 31.4% on a year-over-year basis. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company 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 dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the transaction, the general counsel owned 100,486 shares in the company, valued at approximately $22,448,572.40. The trade was a 1.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is owned by company insiders.

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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