Cornerstone Wealth Group LLC Acquires Shares of 1,209 Capital One Financial Co. (NYSE:COF)

Cornerstone Wealth Group LLC purchased a new position in Capital One Financial Co. (NYSE:COF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,209 shares of the financial services provider’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new position in Capital One Financial during the fourth quarter worth $32,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Capital One Financial during the 3rd quarter valued at approximately $36,000. Creative Financial Designs Inc. ADV lifted its holdings in Capital One Financial by 135.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 166 shares during the last quarter. Eastern Bank purchased a new position in Capital One Financial in the third quarter worth approximately $44,000. Finally, Prospera Private Wealth LLC acquired a new stake in Capital One Financial during the third quarter worth $47,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COF has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Truist Financial lifted their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research report on Monday. Robert W. Baird upped their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Bank of America downgraded shares of Capital One Financial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $203.00 to $200.00 in a report on Monday, December 9th. Finally, HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target for the company in a research report on Tuesday, January 14th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $192.12.

Capital One Financial Trading Down 0.6 %

NYSE COF opened at $202.34 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $207.24. The stock has a market capitalization of $77.14 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.29 and a beta of 1.46. The firm has a 50-day moving average price of $185.08 and a 200 day moving average price of $162.79.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The business had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10,220,675.12 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.81 earnings per share. Equities research analysts expect that Capital One Financial Co. will post 15.22 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a $0.60 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.19%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Insider Activity at Capital One Financial

In related news, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the sale, the insider now owns 19,776 shares of the company’s stock, valued at $3,211,029.12. The trade was a 9.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,256 shares of company stock valued at $2,462,487. Insiders own 1.30% 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.