OMNI 360 Wealth Inc. Acquires New Position in Capital One Financial Corporation $COF

OMNI 360 Wealth Inc. bought a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent filing with the SEC. The firm bought 1,293 shares of the financial services provider’s stock, valued at approximately $275,000.

Other hedge funds have also bought and sold shares of the company. WPG Advisers LLC purchased a new position in shares of Capital One Financial in the first quarter worth $25,000. Saudi Central Bank purchased a new position in Capital One Financial in the 1st quarter worth $27,000. Beacon Capital Management LLC lifted its position in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 97 shares during the period. Bogart Wealth LLC lifted its position in Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 243 shares during the period. Finally, Motco grew its stake in Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel owned 100,486 shares of the company’s stock, valued at $22,448,572.40. The trade was a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the stock in a transaction dated Tuesday, August 19th. The shares were 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 owned 8,780 shares of the company’s stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock valued at $4,679,844 over the last ninety days. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on COF shares. Bank of America lifted their target price on Capital One Financial from $223.00 to $233.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Citigroup raised their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Wells Fargo & Company upped their price objective 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. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Finally, TD Cowen raised shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $239.44.

Capital One Financial Stock Down 0.3%

Shares of COF opened at $223.59 on Monday. The firm has a market cap of $142.99 billion, a P/E ratio of 114.66, a PEG ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a 12 month low of $137.64 and a 12 month high of $232.45. The stock’s 50 day moving average is $217.89 and its two-hundred day moving average is $196.49. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

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, beating analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. The company’s quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the business earned $3.14 EPS. Analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s payout ratio is presently 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.