Salomon & Ludwin LLC Purchases 75 Shares of Capital One Financial Corporation $COF

Salomon & Ludwin LLC grew its holdings in Capital One Financial Corporation (NYSE:COF) by 7.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,069 shares of the financial services provider’s stock after buying an additional 75 shares during the period. Salomon & Ludwin LLC’s holdings in Capital One Financial were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in COF. Brighton Jones LLC boosted its stake in shares of Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 10,428 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Capital One Financial by 18.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 31,129 shares of the financial services provider’s stock worth $5,582,000 after purchasing an additional 4,899 shares during the period. Johnson Investment Counsel Inc. boosted its stake in shares of Capital One Financial by 7.4% during the 1st quarter. Johnson Investment Counsel Inc. now owns 1,456 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 100 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of Capital One Financial during the 1st quarter worth about $92,000. Finally, Blue Trust Inc. boosted its stake in shares of Capital One Financial by 22.5% during the 1st quarter. Blue Trust Inc. now owns 3,775 shares of the financial services provider’s stock worth $677,000 after purchasing an additional 694 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 23,298 shares of company stock valued at $5,103,824. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on COF. TD Cowen boosted their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Citigroup boosted their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. HSBC set a $218.00 price target on shares of Capital One Financial and gave the company a “hold” rating in a report on Friday, October 10th. Barclays boosted their price target on shares of Capital One Financial from $253.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Finally, Wells Fargo & Company boosted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Three research 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. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.78.

Capital One Financial Stock Up 4.0%

COF stock opened at $211.25 on Friday. The firm’s fifty day simple moving average is $219.01 and its 200-day simple moving average is $203.37. The company has a market capitalization of $135.10 billion, a P/E ratio of 108.33, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45.

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, topping analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. During the same period last year, the company posted $3.14 earnings per share. The business’s quarterly revenue was up 31.4% on a year-over-year basis. As a group, equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. 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 dividend payout ratio (DPR) 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.