LVW Advisors LLC Increases Stake in Capital One Financial Corporation $COF

LVW Advisors LLC boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 31.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,733 shares of the financial services provider’s stock after acquiring an additional 416 shares during the quarter. LVW Advisors LLC’s holdings in Capital One Financial were worth $369,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC raised its position 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 valued at $26,000 after acquiring an additional 62 shares in the last quarter. Signature Resources Capital Management LLC purchased a new stake in shares of Capital One Financial in the second quarter valued at approximately $28,000. WPG Advisers LLC purchased a new stake in shares of Capital One Financial in the first quarter valued at approximately $25,000. Saudi Central Bank purchased a new stake in shares of Capital One Financial in the first quarter valued at approximately $27,000. Finally, Physician Wealth Advisors Inc. increased its position in shares of Capital One Financial by 1,200.0% in the second quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider’s stock valued at $33,000 after buying an additional 144 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider owned 68,707 shares of the company’s stock, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the transaction, the general counsel directly owned 100,486 shares in the company, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,298 shares of company stock worth $4,679,844. Company insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on COF. Royal Bank Of Canada boosted their price objective on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. Barclays restated an “overweight” rating and issued a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. 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 for the company. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $239.44.

Capital One Financial Stock Performance

NYSE COF opened at $223.97 on Friday. The stock’s fifty day moving average is $219.28 and its two-hundred day moving average is $199.54. The firm has a market capitalization of $143.23 billion, a P/E ratio of 114.86, a price-to-earnings-growth ratio of 0.86 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period last year, the firm posted $3.14 EPS. On average, research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio 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.