Confluence Wealth Services Inc. Has $794,000 Stake in Capital One Financial Corporation $COF

Confluence Wealth Services Inc. increased its position in Capital One Financial Corporation (NYSE:COF) by 133.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,734 shares of the financial services provider’s stock after purchasing an additional 2,135 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Capital One Financial were worth $794,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock worth $10,010,000 after acquiring an additional 9,374 shares during the period. Plancorp LLC acquired a new position in Capital One Financial in the second quarter worth about $272,000. Creative Financial Designs Inc. ADV boosted its holdings in Capital One Financial by 105.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 394 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock valued at $1,776,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Mutual Advisors LLC bought a new stake in shares of Capital One Financial in the 1st quarter valued at approximately $215,000. Institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock valued at $5,103,824 over the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Down 0.3%

Shares of NYSE COF opened at $213.78 on Tuesday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The firm’s 50-day simple moving average is $219.29 and its 200 day simple moving average is $201.62. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $136.72 billion, a price-to-earnings ratio of 109.63, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18.

Capital One Financial (NYSE:COF) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the firm posted $3.14 earnings per share. The company’s revenue was up 31.4% on a year-over-year basis. On average, research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

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

Analysts Set New Price Targets

COF has been the subject of several analyst reports. Royal Bank Of Canada raised their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Evercore ISI lifted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Finally, Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.44.

Capital One Financial Company 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.