Moss Adams Wealth Advisors LLC Increases Holdings in Capital One Financial Corporation $COF

Moss Adams Wealth Advisors LLC grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 68.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,920 shares of the financial services provider’s stock after acquiring an additional 783 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Capital One Financial were worth $408,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in COF. Kingstone Capital Partners Texas LLC raised its position in shares of Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after buying an additional 117,427,549 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of Capital One Financial during the 1st quarter valued at about $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Capital One Financial by 45.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock valued at $838,609,000 after buying an additional 1,454,595 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock valued at $889,519,000 after buying an additional 950,415 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Capital One Financial during the 1st quarter valued at about $141,599,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COF. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. Truist Financial increased their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Finally, Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $239.44.

Capital One Financial Price Performance

Shares of COF stock opened at $223.97 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $143.23 billion, a P/E ratio of 114.86, a P/E/G ratio of 0.86 and a beta of 1.17. The company’s 50-day simple moving average is $219.28 and its two-hundred day simple moving average is $199.78. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

Capital One Financial (NYSE:COF) last issued its 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. Capital One Financial’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.14 earnings per share. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Insider Activity at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares of the company’s stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,298 shares of company stock worth $4,679,844. Corporate insiders own 1.26% of the company’s stock.

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.