JFS Wealth Advisors LLC Boosts Position in Capital One Financial Corporation $COF

JFS Wealth Advisors LLC raised its position in Capital One Financial Corporation (NYSE:COF) by 731.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,861 shares of the financial services provider’s stock after purchasing an additional 2,517 shares during the period. JFS Wealth Advisors LLC’s holdings in Capital One Financial were worth $608,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Earned Wealth Advisors LLC acquired a new position in Capital One Financial during the second quarter worth about $254,000. Cortland Associates Inc. MO acquired a new stake in shares of Capital One Financial in the third quarter valued at approximately $14,391,000. CIBC Asset Management Inc increased its stake in shares of Capital One Financial by 53.9% during the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after purchasing an additional 30,991 shares in the last quarter. Meridian Wealth Management LLC raised its position in shares of Capital One Financial by 334.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock worth $1,999,000 after purchasing an additional 7,241 shares during the last quarter. Finally, Montecito Bank & Trust acquired a new position in shares of Capital One Financial during the 3rd quarter worth approximately $647,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other news, insider Celia Karam sold 2,108 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $218.25, for a total value of $460,071.00. Following the transaction, the insider directly owned 59,269 shares in the company, valued at $12,935,459.25. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total value of $500,000.00. Following the completion of the transaction, the general counsel directly owned 92,486 shares in the company, valued at $23,121,500. This represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 34,274 shares of company stock valued at $8,131,054. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company increased their target price on Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on Capital One Financial from $263.00 to $256.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Zacks Research cut Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Truist Financial cut their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $274.70.

Capital One Financial Stock Performance

Shares of COF stock opened at $205.77 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $127.98 billion, a price-to-earnings ratio of 69.52, a price-to-earnings-growth ratio of 0.58 and a beta of 1.14. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $259.64. The company has a 50 day moving average price of $229.02 and a 200 day moving average price of $223.14.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The business’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.67 earnings per share. Sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, February 19th. Capital One Financial’s payout ratio is 108.11%.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.