Earned Wealth Advisors LLC Takes Position in Capital One Financial Corporation $COF

Earned Wealth Advisors LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,194 shares of the financial services provider’s stock, valued at approximately $254,000.

A number of other large investors have also recently made changes to their positions in COF. WPG Advisers LLC purchased a new stake in shares of Capital One Financial during the first quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC grew its holdings in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares during the last quarter. Olistico Wealth LLC grew its holdings in shares of Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after buying an additional 101 shares during the last quarter. Saudi Central Bank purchased a new stake in Capital One Financial in the first quarter valued at $27,000. Finally, RMG Wealth Management LLC purchased a new stake in Capital One Financial in the second quarter valued at $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Michael Zamsky sold 5,515 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the transaction, the chief accounting officer owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 116,670 shares of company stock valued at $26,153,969. Insiders own 1.26% of the company’s stock.

Capital One Financial Trading Up 0.8%

COF stock opened at $220.10 on Friday. The company’s 50-day simple moving average is $219.83 and its 200-day simple moving average is $207.46. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The firm has a market cap of $140.76 billion, a P/E ratio of 92.87, a PEG ratio of 0.70 and a beta of 1.18.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. During the same period in the prior year, the company posted $4.51 EPS. The company’s revenue for the quarter was up 53.4% on a year-over-year basis. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on COF. Barclays upped their price target on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Wells Fargo & Company upped their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Evercore ISI upped their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, HSBC upped their price target on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

Capital One Financial Profile

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.