Capital One Financial Corporation $COF Shares Acquired by Western Wealth Management LLC

Western Wealth Management LLC increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 66.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,915 shares of the financial services provider’s stock after purchasing an additional 2,767 shares during the quarter. Western Wealth Management LLC’s holdings in Capital One Financial were worth $1,471,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc lifted its stake in shares of Capital One Financial by 86.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 93 shares during the period. Tortoise Investment Management LLC increased its stake in shares of Capital One Financial by 166.8% during the second quarter. Tortoise Investment Management LLC now owns 1,030 shares of the financial services provider’s stock worth $219,000 after acquiring an additional 644 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Capital One Financial during the second quarter worth about $830,000. Kingsview Wealth Management LLC lifted its position in Capital One Financial by 24.8% in the second quarter. Kingsview Wealth Management LLC now owns 11,677 shares of the financial services provider’s stock valued at $2,484,000 after purchasing an additional 2,324 shares during the period. Finally, Cornerstone Advisors LLC boosted its holdings in Capital One Financial by 6.5% in the 2nd quarter. Cornerstone Advisors LLC now owns 9,900 shares of the financial services provider’s stock valued at $2,106,000 after purchasing an additional 600 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Neal Blinde sold 43,200 shares of Capital One Financial stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the sale, the insider directly owned 73,020 shares in the company, valued at $16,198,026.60. The trade was a 37.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the completion of the transaction, the chief executive officer directly owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. This represents a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 256,380 shares of company stock valued at $57,129,478 over the last three months. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on COF shares. Evercore ISI increased their target price on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. The Goldman Sachs Group increased their price objective on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research report on Thursday. Citigroup increased their price target on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, UBS Group lowered their target price on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Stock Performance

Shares of COF opened at $209.81 on Monday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The stock has a market cap of $133.38 billion, a P/E ratio of 88.68, a PEG ratio of 0.70 and a beta of 1.19. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $218.70 and a two-hundred day moving average of $211.18.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion during the quarter. As a group, research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s payout ratio is presently 135.02%.

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.