Tanager Wealth Management LLP Makes New $365,000 Investment in Capital One Financial Corporation $COF

Tanager Wealth Management LLP purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 1,715 shares of the financial services provider’s stock, valued at approximately $365,000.

Other institutional investors have also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC boosted its stake in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after buying an additional 62 shares in the last quarter. Signature Resources Capital Management LLC acquired a new stake in Capital One Financial during the second quarter worth $28,000. WPG Advisers LLC acquired a new stake in Capital One Financial during the first quarter worth $25,000. Saudi Central Bank acquired a new stake in Capital One Financial during the first quarter worth $27,000. Finally, First United Bank & Trust acquired a new stake in Capital One Financial during the second quarter worth $32,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Capital One Financial stock opened at $213.55 on Thursday. The stock has a 50-day simple moving average of $219.22 and a 200 day simple moving average of $200.32. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The stock has a market capitalization of $136.57 billion, a price-to-earnings ratio of 109.51, a P/E/G ratio of 0.81 and a beta of 1.18.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the firm earned $3.14 earnings per share. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. On average, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is presently 123.08%.

Wall Street Analyst Weigh In

COF has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Barclays reissued an “overweight” rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Wells Fargo & Company lifted their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, July 25th. 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, Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.29.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock valued at $4,679,844 in the last three months. Company 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.