Jackson Wealth Management LLC Makes New $517,000 Investment in Capital One Financial Corporation $COF

Jackson Wealth Management LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, HoldingsChannel reports. The fund purchased 2,432 shares of the financial services provider’s stock, valued at approximately $517,000.

Several other large investors have also added to or reduced their stakes in COF. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. increased its position in Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock worth $5,782,590,000 after buying an additional 506,105 shares during the last quarter. Bank of New York Mellon Corp increased its position in Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock worth $889,519,000 after buying an additional 950,415 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $854,647,000 after buying an additional 734,939 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Capital One Financial by 45.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock worth $838,609,000 after buying an additional 1,454,595 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Trading Up 0.3%

NYSE COF opened at $214.39 on Friday. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $219.30 and a 200-day moving average of $200.97. The firm has a market cap of $137.10 billion, a PE ratio of 109.94, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18.

Capital One Financial (NYSE:COF) last announced 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 for the quarter, compared to analysts’ expectations of $12.72 billion. During the same quarter in the prior year, the firm earned $3.14 EPS. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio is 123.08%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% 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, CAO Timothy P. Golden sold 3,462 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock worth $5,103,824 over the last quarter. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on COF. Citigroup lifted their price target on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Evercore ISI lifted their price target on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Rothschild & Co Redburn began coverage on Capital One Financial in a research note on Friday, August 1st. They set a “buy” rating and a $290.00 price target for the company. Finally, Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $249.06.

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.