Wealth Enhancement Advisory Services LLC Increases Position in Capital One Financial Corporation $COF

Wealth Enhancement Advisory Services LLC lifted its position in shares of Capital One Financial Corporation (NYSE:COF) by 19.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 135,865 shares of the financial services provider’s stock after purchasing an additional 22,251 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Capital One Financial were worth $35,763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strive Asset Management LLC purchased a new position in Capital One Financial in the third quarter valued at $28,000. Howard Hughes Medical Institute purchased a new stake in Capital One Financial during the 2nd quarter worth about $29,000. WFA of San Diego LLC purchased a new stake in Capital One Financial during the 2nd quarter worth about $32,000. Crowley Wealth Management Inc. acquired a new position in shares of Capital One Financial during the 3rd quarter worth about $33,000. Finally, Adalta Capital Management LLC acquired a new position in shares of Capital One Financial during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Trading Up 1.4%

COF opened at $183.93 on Tuesday. The firm has a market cap of $114.39 billion, a price-to-earnings ratio of 62.14, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64. The business’s 50 day moving average is $207.39 and its two-hundred day moving average is $218.97. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). The firm had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. Capital One Financial’s revenue was up 53.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.67 earnings per share. On average, research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were paid a dividend of $0.80 per share. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial’s dividend payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COF. Wells Fargo & Company raised their target price on Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Jefferies Financial Group reiterated a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a research note on Monday, March 16th. HSBC cut their price objective on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Finally, Truist Financial lowered their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $275.95.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total value of $500,000.00. Following the completion of the sale, the general counsel directly owned 92,486 shares of the company’s stock, valued at approximately $23,121,500. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lia Dean sold 3,284 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the sale, the insider owned 70,162 shares of the company’s stock, valued at $15,693,836.16. This trade represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 67,933 shares of company stock worth $14,363,897 over the last 90 days. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.