Modern Wealth Management LLC Has $595,000 Stock Position in Capital One Financial Corporation $COF

Modern Wealth Management LLC lowered its stake in Capital One Financial Corporation (NYSE:COF) by 55.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,223 shares of the financial services provider’s stock after selling 3,979 shares during the period. Modern Wealth Management LLC’s holdings in Capital One Financial were worth $595,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Capital One Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after purchasing an additional 360,071 shares during the period. Franklin Resources Inc. increased its holdings in Capital One Financial by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock valued at $3,023,795,000 after buying an additional 638,158 shares during the period. Morgan Stanley raised its position in shares of Capital One Financial by 3.9% in the 4th quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock valued at $2,103,196,000 after buying an additional 323,350 shares in the last quarter. Norges Bank acquired a new position in shares of Capital One Financial in the 4th quarter valued at approximately $2,089,803,000. Finally, Davis Selected Advisers lifted its holdings in shares of Capital One Financial by 2.8% during the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after acquiring an additional 234,649 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other news, insider Celia Karam sold 1,749 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the transaction, the insider directly owned 61,579 shares in the company, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the sale, the general counsel directly owned 90,194 shares in the company, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,749 shares of company stock valued at $1,708,577 over the last quarter. Company insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on COF shares. Argus reduced their price target on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. TD Cowen lowered their price objective on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research note on Saturday. Rothschild & Co Redburn reduced their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Piper Sandler began coverage on Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 price target on the stock. Twenty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $259.82.

Capital One Financial Trading Up 2.0%

COF opened at $206.86 on Tuesday. The company’s 50 day moving average is $195.78 and its 200-day moving average is $199.85. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The company has a market cap of $128.73 billion, a P/E ratio of 12.80, a PEG ratio of 0.75 and a beta of 1.02.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The business had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the company earned $5.48 EPS. Equities research analysts predict that Capital One Financial Corporation will post 20.13 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.80 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is 19.80%.

Capital One Financial Company 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.