Kingsview Wealth Management LLC Purchases Shares of 21,478 Capital One Financial Corporation $COF

Kingsview Wealth Management LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,478 shares of the financial services provider’s stock, valued at approximately $4,309,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COF. First Command Advisory Services Inc. grew its position in Capital One Financial by 4.5% during the fourth quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock valued at $259,000 after buying an additional 46 shares during the period. Dogwood Wealth Management LLC raised its position in Capital One Financial by 26.0% in the fourth quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 47 shares during the period. High Note Wealth LLC boosted its stake in shares of Capital One Financial by 44.9% during the 4th quarter. High Note Wealth LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 48 shares during the last quarter. Fiducient Advisors LLC boosted its stake in shares of Capital One Financial by 4.2% during the 4th quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 48 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. boosted its stake in shares of Capital One Financial by 5.0% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on COF. Piper Sandler began coverage on Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 price objective for the company. Wolfe Research lifted their target price on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday. Citigroup cut their price target on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Barclays cut their price target on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Finally, Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.91.

Capital One Financial Stock Down 0.4%

COF opened at $215.81 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The firm’s fifty day moving average is $210.32 and its 200 day moving average is $198.00. The stock has a market cap of $132.40 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the prior year, the firm posted $5.48 EPS. Capital One Financial’s quarterly revenue was up 26.9% compared to the same quarter last year. On average, sell-side analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is 19.80%.

Insider Transactions at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the sale, the chief accounting officer owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the transaction, the insider directly owned 27,992 shares in the company, valued at approximately $6,102,815.84. This represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 26,267 shares of company stock valued at $5,617,648. 0.78% of the stock is owned by corporate insiders.

Capital One Financial 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.