Welch Group LLC Buys 81 Shares of Capital One Financial Corporation $COF

Welch Group LLC lifted its stake in Capital One Financial Corporation (NYSE:COF) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,412 shares of the financial services provider’s stock after purchasing an additional 81 shares during the quarter. Welch Group LLC’s holdings in Capital One Financial were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in COF. WPG Advisers LLC bought a new stake in Capital One Financial in the first quarter worth $25,000. Moisand Fitzgerald Tamayo LLC boosted its stake in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC boosted its stake in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Saudi Central Bank bought a new position in Capital One Financial in the 1st quarter worth about $27,000. Finally, RMG Wealth Management LLC bought a new position in Capital One Financial in the 2nd quarter worth about $27,000. 89.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COF has been the topic of several analyst reports. Royal Bank Of Canada upped their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. HSBC set a $218.00 price objective on Capital One Financial and gave the company a “hold” rating in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on Capital One Financial from $248.00 to $235.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 7th. Rothschild & Co Redburn began coverage on Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective on the stock. Finally, Keefe, Bruyette & Woods upped their price target on Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $252.78.

Insider Buying and Selling

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the sale, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel owned 98,486 shares in the company, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock worth $5,103,824 over the last ninety days. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Trading Down 4.0%

Shares of Capital One Financial stock opened at $202.37 on Monday. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The company’s fifty day simple moving average is $219.02 and its 200-day simple moving average is $202.43. The stock has a market capitalization of $129.42 billion, a PE ratio of 103.78, a P/E/G ratio of 0.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The company 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 business posted $3.14 earnings per share. Capital One Financial’s revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. Capital One Financial’s dividend payout ratio (DPR) is 123.08%.

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.