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

River Wealth Advisors LLC boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 27.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,755 shares of the financial services provider’s stock after buying an additional 4,307 shares during the quarter. River Wealth Advisors LLC’s holdings in Capital One Financial were worth $4,203,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC raised its stake in shares of Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after acquiring an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. increased its holdings in Capital One Financial by 74.8% during the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after purchasing an additional 24,129,990 shares during the period. Geode Capital Management LLC increased its holdings in Capital One Financial by 64.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares during the period. Norges Bank bought a new stake in Capital One Financial during the 2nd quarter valued at $1,701,511,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Capital One Financial by 41.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock worth $1,491,676,000 after buying an additional 2,050,010 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COF has been the topic of several research reports. TD Cowen raised their price target on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research note on Monday, October 6th. UBS Group lowered their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research report on Monday. The Goldman Sachs Group boosted their price target on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Insiders Place Their Bets

In related news, insider Frank G. LapradeIii sold 17,840 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the transaction, the insider directly owned 48,315 shares of the company’s stock, valued at $10,727,379.45. This represents a 26.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Richard D. Fairbank sold 103,487 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the completion of the sale, the chief executive officer owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. This trade represents a 2.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 272,013 shares of company stock worth $60,599,103. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $223.91 on Wednesday. The company has a market capitalization of $142.34 billion, a PE ratio of 94.47, a P/E/G ratio of 0.52 and a beta of 1.16. The company has a 50-day simple moving average of $215.47 and a two-hundred day simple moving average of $212.84. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The business had revenue of $15.46 billion for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 17th. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. Capital One Financial’s payout ratio is currently 135.02%.

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.