3,451 Shares in Capital One Financial Corporation $COF Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,451 shares of the financial services provider’s stock, valued at approximately $734,000.

Several other institutional investors and hedge funds have also bought and sold shares of COF. Brighton Jones LLC raised its holdings in Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 10,428 shares in the last quarter. NBC Securities Inc. bought a new stake in Capital One Financial during the first quarter worth about $142,000. Capital Investment Advisors LLC raised its holdings in Capital One Financial by 126.6% during the first quarter. Capital Investment Advisors LLC now owns 4,174 shares of the financial services provider’s stock worth $748,000 after acquiring an additional 2,332 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in Capital One Financial by 14.3% in the first quarter. First Citizens Bank & Trust Co. now owns 2,220 shares of the financial services provider’s stock valued at $398,000 after buying an additional 278 shares during the period. Finally, Courier Capital LLC raised its stake in Capital One Financial by 9.2% in the first quarter. Courier Capital LLC now owns 8,861 shares of the financial services provider’s stock valued at $1,589,000 after buying an additional 744 shares during the period. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.2%

Shares of NYSE:COF opened at $213.39 on Wednesday. The firm has a market cap of $136.46 billion, a P/E ratio of 109.43, a P/E/G ratio of 0.79 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The business has a fifty day simple moving average of $219.29 and a 200 day simple moving average of $201.70.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.14 earnings per share. Analysts predict 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. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. 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

Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. UBS Group dropped their price objective on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a research note on Saturday, September 27th. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Finally, Barclays upped their target price on Capital One Financial from $253.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $250.44.

Insiders Place Their Bets

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Zamsky sold 5,515 shares of the 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 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. In the last 90 days, insiders have sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is currently owned by insiders.

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.