Elevation Point Wealth Partners LLC Has $6.75 Million Stake in Capital One Financial Corporation $COF

Elevation Point Wealth Partners LLC raised its stake in shares of Capital One Financial Corporation (NYSE:COF) by 18.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,027 shares of the financial services provider’s stock after buying an additional 5,669 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Capital One Financial were worth $6,755,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tompkins Financial Corp increased its stake in shares of Capital One Financial by 4.3% in the 4th quarter. Tompkins Financial Corp now owns 977 shares of the financial services provider’s stock valued at $237,000 after buying an additional 40 shares during the period. Focus Financial Network Inc. lifted its position in Capital One Financial by 2.8% during the 4th quarter. Focus Financial Network Inc. now owns 1,570 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 43 shares during the period. First Command Advisory Services Inc. grew its position in shares of Capital One Financial by 4.5% during the 4th quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock worth $259,000 after buying an additional 46 shares during the period. Stephens Consulting LLC raised its stake in shares of Capital One Financial by 10.3% during the fourth quarter. Stephens Consulting LLC now owns 504 shares of the financial services provider’s stock worth $122,000 after buying an additional 47 shares during the last quarter. Finally, Dogwood Wealth Management LLC boosted its stake 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 valued at $55,000 after acquiring an additional 47 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the sale, the general counsel owned 97,194 shares in the company, valued at $17,876,892.42. This represents a 3.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the sale, the insider owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This trade represents a 2.76% decrease in their ownership of the stock. 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. 0.78% of the stock is owned by insiders.

Capital One Financial Trading Down 0.1%

Shares of NYSE:COF opened at $204.94 on Friday. The firm has a market cap of $127.53 billion, a price-to-earnings ratio of 71.91, a PEG ratio of 0.74 and a beta of 1.02. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company’s fifty day simple moving average is $191.12 and its 200 day simple moving average is $204.84. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The firm had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The firm’s quarterly revenue was up 52.3% compared to the same quarter last year. During the same period in the prior year, the business posted $4.06 EPS. As a group, research analysts forecast that Capital One Financial Corporation will post 19.53 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a $0.80 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is presently 112.28%.

Wall Street Analysts Forecast Growth

Several analysts have commented on COF shares. Evercore dropped their target price on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Argus cut their target price on Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. The Goldman Sachs Group reduced their target price on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Royal Bank Of Canada cut their price target on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research report on Friday, April 10th. Finally, Barclays lifted their price objective on shares of Capital One Financial from $226.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.19.

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.