Allegiance Financial Group Advisory Services LLC Makes New $271,000 Investment in Capital One Financial Corporation $COF

Allegiance Financial Group Advisory Services LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,273 shares of the financial services provider’s stock, valued at approximately $271,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Capital One Financial by 18.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock worth $10,010,000 after buying an additional 9,374 shares during the period. Plancorp LLC purchased a new position in shares of Capital One Financial during the second quarter worth $272,000. Creative Financial Designs Inc. ADV boosted its position in shares of Capital One Financial by 105.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock worth $138,000 after buying an additional 394 shares during the period. Private Advisor Group LLC boosted its position in shares of Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after buying an additional 1,312 shares during the period. Finally, Mutual Advisors LLC purchased a new position in shares of Capital One Financial during the first quarter worth $215,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on COF shares. Morgan Stanley lifted their target price on Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Robert W. Baird lifted their target price on Capital One Financial from $240.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. TD Cowen lifted their target price on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their target price on Capital One Financial from $215.00 to $224.00 and gave the company a “hold” rating in a report on Thursday, October 2nd. Finally, Rothschild & Co Redburn started coverage on Capital One Financial in a report on Friday, August 1st. They issued a “buy” rating and a $290.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $250.44.

Capital One Financial Stock Performance

Shares of COF stock opened at $211.79 on Thursday. The stock has a market capitalization of $135.44 billion, a PE ratio of 108.61, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The stock’s 50-day moving average price is $219.22 and its 200 day moving average price is $201.77. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The business’s revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.14 EPS. As a group, equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s payout ratio is currently 123.08%.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock worth $5,103,824 over the last quarter. 1.26% of the stock is owned by company insiders.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.