Focus Partners Advisor Solutions LLC Acquires 6,820 Shares of Capital One Financial Corporation $COF

Focus Partners Advisor Solutions LLC raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 248.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,562 shares of the financial services provider’s stock after acquiring an additional 6,820 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Capital One Financial were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Moisand Fitzgerald Tamayo LLC grew its position in 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 worth $26,000 after buying an additional 62 shares in the last quarter. Olistico Wealth LLC grew its position in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after buying an additional 101 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its position in Capital One Financial by 66.7% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after buying an additional 50 shares in the last quarter. RMG Wealth Management LLC purchased a new position in Capital One Financial during the second quarter worth about $27,000. Finally, Signature Resources Capital Management LLC purchased a new position in Capital One Financial during the second quarter worth about $28,000. Institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the 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 sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the 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 sale, the chief accounting officer owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,184 shares of company stock worth $2,799,248. Company insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on COF shares. Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a research report on Friday. Evercore ISI increased their target price on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Morgan Stanley increased their target price on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company increased their target price on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. increased their target price on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Three 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $261.63.

Capital One Financial Stock Performance

NYSE COF opened at $224.93 on Monday. The company has a 50-day simple moving average of $219.38 and a two-hundred day simple moving average of $205.84. 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 12-month low of $143.22 and a 12-month high of $232.45. The firm has a market cap of $143.85 billion, a price-to-earnings ratio of 94.91, a PEG ratio of 0.75 and a beta of 1.18.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $15.06 billion. During the same period in the prior year, the business posted $4.51 earnings per share. The company’s revenue was up 53.4% on a year-over-year basis. On average, equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio is currently 101.27%.

Capital One Financial Company 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.