Investors Asset Management of Georgia Inc. GA ADV Purchases New Holdings in Capital One Financial Corporation $COF

Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, HoldingsChannel reports. The firm acquired 1,403 shares of the financial services provider’s stock, valued at approximately $299,000.

A number of other hedge funds also recently added to or reduced their stakes in COF. Confluence Wealth Services Inc. increased its holdings in shares of Capital One Financial by 133.5% in the second quarter. Confluence Wealth Services Inc. now owns 3,734 shares of the financial services provider’s stock valued at $794,000 after purchasing an additional 2,135 shares during the period. Gratus Wealth Advisors LLC purchased a new stake in shares of Capital One Financial during the second quarter worth approximately $1,322,000. Appleton Partners Inc. MA acquired a new stake in shares of Capital One Financial during the second quarter worth $3,662,000. Cullinan Associates Inc. acquired a new stake in shares of Capital One Financial during the second quarter worth $281,000. Finally, Sendero Wealth Management LLC grew its position in Capital One Financial by 7.4% in the 2nd quarter. Sendero Wealth Management LLC now owns 48,713 shares of the financial services provider’s stock valued at $10,364,000 after buying an additional 3,338 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the general counsel owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock valued at $5,103,824 in the last quarter. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of analyst reports. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research report on Friday, August 1st. They set a “buy” rating and a $290.00 price objective for the company. TD Cowen upgraded 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 note on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Truist Financial lifted their price objective on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, Wells Fargo & Company boosted their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $249.06.

Capital One Financial Price Performance

COF stock opened at $214.39 on Monday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The company has a market cap of $137.10 billion, a price-to-earnings ratio of 109.94, a PEG ratio of 0.79 and a beta of 1.18. The firm has a 50 day moving average of $219.30 and a 200-day moving average of $201.35. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data 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 for the quarter was up 31.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.14 earnings per share. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $0.60 dividend. 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 payout ratio is currently 123.08%.

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.