Sequoia Financial Advisors LLC Acquires 2,917 Shares of Capital One Financial Corporation $COF

Sequoia Financial Advisors LLC boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 12.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,766 shares of the financial services provider’s stock after purchasing an additional 2,917 shares during the period. Sequoia Financial Advisors LLC’s holdings in Capital One Financial were worth $5,169,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. California State Teachers Retirement System grew its position in shares of Capital One Financial by 18,518.3% in the 2nd quarter. California State Teachers Retirement System now owns 172,667,214 shares of the financial services provider’s stock worth $34,640,496,000 after buying an additional 171,739,810 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Capital One Financial by 0.5% during the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after acquiring an additional 236,643 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Capital One Financial by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock valued at $3,023,795,000 after acquiring an additional 638,158 shares in the last quarter. Morgan Stanley lifted its stake in Capital One Financial by 3.9% in the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after acquiring an additional 323,350 shares during the period. Finally, Norges Bank purchased a new stake in Capital One Financial in the fourth quarter worth $2,089,803,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 0.6%

NYSE:COF opened at $208.29 on Friday. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50-day simple moving average is $212.66 and its 200 day simple moving average is $198.22. The firm has a market capitalization of $127.78 billion, a P/E ratio of 12.89, a PEG ratio of 0.76 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter last year, the firm earned $5.48 earnings per share. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, August 17th. Capital One Financial’s payout ratio is 19.80%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on COF shares. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Capital One Financial in a research report on Thursday, August 20th. HSBC raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Wolfe Research increased their price target on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Finally, UBS Group raised their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $258.91.

Insiders Place Their Bets

In other news, insider Celia Karam sold 1,888 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $425,781.76. Following the sale, the insider directly owned 59,708 shares of the company’s stock, valued at approximately $13,465,348.16. This represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the transaction, the insider owned 63,261 shares of the company’s stock, valued at $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 29,767 shares of company stock valued at $6,366,998. Company insiders own 0.78% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.