Beacon Financial Advisory LLC Purchases New Stake in Capital One Financial Corporation $COF

Beacon Financial Advisory LLC bought a new stake in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,401 shares of the financial services provider’s stock, valued at approximately $298,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. WPG Advisers LLC purchased a new stake in shares of Capital One Financial during the first quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC lifted its stake in shares of 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 buying an additional 62 shares during the period. Olistico Wealth LLC boosted its position in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Saudi Central Bank purchased a new stake in Capital One Financial in the 1st quarter worth approximately $27,000. Finally, Signature Resources Capital Management LLC purchased a new stake in Capital One Financial in the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their target price on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Citigroup raised their target price on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Rothschild & Co Redburn began coverage on Capital One Financial in a report on Friday, August 1st. They issued a “buy” rating and a $290.00 price target for the company. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Redburn Atlantic upgraded shares of Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $249.06.

Insiders Place Their Bets

In related news, insider Robert M. Alexander sold 10,114 shares of the firm’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 value of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares of the company’s stock, 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. Over the last 90 days, insiders sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Trading Up 0.3%

Shares of NYSE COF opened at $214.39 on Monday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The company has a market cap of $137.10 billion, a price-to-earnings ratio of 109.94, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. 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’s 50 day simple moving average is $219.30 and its 200 day simple moving average is $201.35.

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

Capital One Financial Dividend Announcement

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