IFP Advisors Inc Acquires 6,185 Shares of Capital One Financial Corporation $COF

IFP Advisors Inc boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 53.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,784 shares of the financial services provider’s stock after acquiring an additional 6,185 shares during the period. IFP Advisors Inc’s holdings in Capital One Financial were worth $4,310,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new stake in Capital One Financial during the fourth quarter valued at $27,000. Olistico Wealth LLC purchased a new stake in Capital One Financial during the fourth quarter valued at $30,000. Rakuten Securities Inc. raised its stake in Capital One Financial by 550.0% during the fourth quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 110 shares in the last quarter. Strive Asset Management LLC purchased a new stake in Capital One Financial during the third quarter valued at $28,000. Finally, Westfuller Advisors LLC raised its stake in Capital One Financial by 661.1% during the fourth quarter. Westfuller Advisors LLC now owns 137 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, insider Lia Dean sold 1,692 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the transaction, the insider owned 65,454 shares of the company’s stock, valued at $12,148,916.94. This represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jason P. Hanson sold 3,729 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the transaction, the insider owned 40,230 shares in the company, valued at $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 49,904 shares of company stock worth $9,528,159. 0.78% of the stock is owned by company insiders.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $187.15 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average is $188.20 and its two-hundred day moving average is $210.87. Capital One Financial Corporation has a 52 week low of $174.98 and a 52 week high of $259.64. The company has a market capitalization of $116.46 billion, a PE ratio of 65.67, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The company had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The firm’s revenue for the quarter was up 52.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.06 earnings per share. As a group, analysts expect that Capital One Financial Corporation will post 19.17 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, May 19th. Capital One Financial’s dividend payout ratio is currently 112.28%.

Analyst Ratings Changes

COF has been the topic of a number of recent research reports. Barclays upped their price target on shares of Capital One Financial from $226.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Rothschild & Co Redburn lowered their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Royal Bank Of Canada dropped their price objective on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research note on Friday, April 10th. Morgan Stanley reduced their target price on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Finally, BTIG Research restated a “buy” rating and issued a $224.00 target price on shares of Capital One Financial in a report on Wednesday, April 22nd. Seventeen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $258.75.

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.