Capital One Financial Corporation $COF Stock Acquired by Wedmont Private Capital

Wedmont Private Capital grew its holdings in Capital One Financial Corporation (NYSE:COF) by 82.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,496 shares of the financial services provider’s stock after acquiring an additional 9,235 shares during the period. Wedmont Private Capital’s holdings in Capital One Financial were worth $3,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. State Street Corp increased its position in Capital One Financial by 107.9% in the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after buying an additional 29,724,829 shares in the last quarter. Bank of America Corp DE purchased a new stake in Capital One Financial in the 2nd quarter worth approximately $1,435,311,000. Legal & General Group Plc bought a new stake in Capital One Financial during the 2nd quarter worth approximately $680,983,000. Berkshire Hathaway Inc purchased a new stake in shares of Capital One Financial in the second quarter worth $601,860,000. Finally, Canada Pension Plan Investment Board bought a new position in Capital One Financial in the 2nd quarter worth $482,718,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COF has been the topic of several research analyst reports. Citigroup lowered their price objective on Capital One Financial from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. upped their price target on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Evercore set a $220.00 price objective on shares of Capital One Financial in a report on Thursday, October 1st. Finally, BMO Capital Markets began coverage on shares of Capital One Financial in a research report on Friday. They set a “market perform” rating and a $219.00 price objective on the stock. Twenty investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $256.09.

Insider Activity

In other Capital One Financial news, insider Lia Dean sold 2,193 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the sale, the insider owned 63,261 shares of the company’s stock, valued at $14,266,620.72. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the transaction, the insider owned 27,992 shares of the company’s stock, valued at $6,102,815.84. This trade represents a 16.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 33,850 shares of company stock worth $7,167,152. Company insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

Shares of COF stock traded up $0.28 on Friday, reaching $199.68. The company’s stock had a trading volume of 1,143,040 shares, compared to its average volume of 4,644,855. The stock’s fifty day simple moving average is $210.37 and its 200-day simple moving average is $199.66. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The company has a market capitalization of $122.50 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the prior year, the firm earned $5.48 earnings per share. Capital One Financial’s revenue was up 26.9% on a year-over-year basis. Analysts forecast that Capital One Financial Corporation will post 20.33 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a $0.80 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial’s payout ratio is 19.80%.

Capital One Financial Company Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

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