Sequoia Financial Advisors LLC Increases Stock Holdings in Capital One Financial Corporation $COF

Sequoia Financial Advisors LLC increased its position in Capital One Financial Corporation (NYSE:COF) by 12.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,766 shares of the financial services provider’s stock after acquiring an additional 2,917 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Capital One Financial were worth $5,169,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 10,428 shares during the period. Intech Investment Management LLC boosted its stake in Capital One Financial by 44.3% during the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock valued at $1,608,000 after buying an additional 2,753 shares during the period. Sivia Capital Partners LLC boosted its stake in Capital One Financial by 118.3% during the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock valued at $702,000 after buying an additional 1,788 shares during the period. Flow Traders U.S. LLC purchased a new position in Capital One Financial during the second quarter worth about $218,000. Finally, Jump Financial LLC purchased a new position in Capital One Financial during the second quarter worth about $1,086,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 5,473 shares of the firm’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 transaction of $1,193,223.46. Following the transaction, the insider directly owned 27,992 shares in the company, valued at $6,102,815.84. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total value of $749,350.00. Following the completion of the transaction, the general counsel directly owned 83,194 shares in the company, valued at $17,811,835.40. This trade represents a 4.04% 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. In the last 90 days, insiders have sold 29,767 shares of company stock valued at $6,366,998. 0.78% of the stock is currently owned by corporate insiders.

Capital One Financial Trading Up 0.6%

Shares of COF opened at $208.29 on Friday. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The firm has a market cap of $127.78 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.76 and a beta of 1.02. The firm has a 50 day moving average price of $212.66 and a 200-day moving average price of $198.22. 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 (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the firm earned $5.48 EPS. As a group, equities research analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share 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 paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Analyst Upgrades and Downgrades

COF has been the topic of several recent analyst reports. Barclays lowered their price target on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Wolfe Research boosted their price objective on Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. TD Cowen lowered their target price on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Finally, Bank of America dropped their target price on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $258.91.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

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