Atticus Wealth Management LLC Makes New Investment in Capital One Financial Corporation $COF

Atticus Wealth Management LLC acquired a new position in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, HoldingsChannel reports. The fund acquired 274 shares of the financial services provider’s stock, valued at approximately $58,000.

Other hedge funds have also added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in shares of Capital One Financial in the 1st quarter worth approximately $25,000. Saudi Central Bank bought a new stake in shares of Capital One Financial in the first quarter valued at $27,000. Beacon Capital Management LLC raised its stake in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after buying an additional 97 shares during the period. Nova Wealth Management Inc. raised its stake in shares of Capital One Financial by 629.6% in the second quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider’s stock valued at $42,000 after buying an additional 170 shares during the period. Finally, Motco raised its stake in shares of Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider’s stock valued at $46,000 after buying an additional 137 shares during the period. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Barclays reissued an “overweight” rating and issued a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Citigroup boosted their price target 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. Truist Financial boosted their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a report on Friday, August 1st. They set a “buy” rating and a $290.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $239.44.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares of the company’s stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $229.81 on Friday. The company’s fifty day moving average price is $218.52 and its 200-day moving average price is $197.29. The firm has a market capitalization of $146.97 billion, a price-to-earnings ratio of 117.85, a PEG ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. 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 (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the previous year, the company earned $3.14 EPS. Capital One Financial’s quarterly revenue was up 31.4% on a year-over-year basis. On average, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 dividend on an annualized basis and a yield of 1.0%. Capital One Financial’s payout ratio is presently 123.08%.

About Capital One Financial

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.