Elyxium Wealth LLC Invests $2.48 Million in Capital One Financial Corporation $COF

Elyxium Wealth LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 12,375 shares of the financial services provider’s stock, valued at approximately $2,483,000.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new position in Capital One Financial in the fourth quarter valued at $2,089,803,000. Viking Global Investors LP lifted its stake in Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after purchasing an additional 1,717,148 shares during the last quarter. Bessemer Group Inc. lifted its stake in Capital One Financial by 7,143.2% during the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock worth $350,966,000 after purchasing an additional 1,428,133 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Capital One Financial by 64.9% in the 4th quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock worth $815,951,000 after purchasing an additional 1,324,845 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Capital One Financial by 41.5% in the 1st quarter. Amundi now owns 3,067,354 shares of the financial services provider’s stock worth $559,577,000 after purchasing an additional 899,409 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 5,473 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the sale, the insider owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. This represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the sale, the general counsel directly owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,186 shares of company stock valued at $4,697,301 in the last 90 days. 0.78% of the stock is owned by insiders.

Capital One Financial Stock Performance

NYSE COF opened at $227.19 on Friday. The company has a 50-day simple moving average of $204.93 and a two-hundred day simple moving average of $198.21. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The firm has a market cap of $139.38 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.82 and a beta of 1.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the previous year, the business earned $5.48 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. On average, equities analysts forecast that Capital One Financial Corporation will post 20.19 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Bank of America decreased their price objective on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Weiss Ratings raised Capital One Financial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. UBS Group upped their target price on Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Argus reduced their price target on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, Rothschild & Co Redburn decreased their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $259.36.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.