Fragasso Financial Advisors Inc Takes Position in Capital One Financial Corporation $COF

Fragasso Financial Advisors Inc purchased a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 946 shares of the financial services provider’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of Capital One Financial in the 1st quarter valued at $25,000. Saudi Central Bank acquired a new position in shares of Capital One Financial in the 1st quarter valued at $27,000. Beacon Capital Management LLC grew its holdings in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after buying an additional 97 shares during the period. Nova Wealth Management Inc. lifted its position in Capital One Financial by 629.6% in the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 170 shares in the last quarter. Finally, Bogart Wealth LLC lifted its position in Capital One Financial by 1,518.8% in the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 243 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on COF shares. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective on the stock. TD Cowen raised shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Royal Bank Of Canada boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.44.

Capital One Financial Stock Performance

NYSE COF opened at $224.34 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $143.47 billion, a price-to-earnings ratio of 115.05, a P/E/G ratio of 0.88 and a beta of 1.17. The firm’s 50 day simple moving average is $218.19 and its 200 day simple moving average is $196.86. Capital One Financial Corporation has a 1 year low of $140.93 and a 1 year high of $232.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for 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 in the prior year, the business posted $3.14 EPS. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Insider Activity

In related news, CAO Timothy P. Golden sold 207 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 in the company, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,298 shares of company stock worth $4,679,844. Insiders own 1.26% of the company’s stock.

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.