Institute for Wealth Management LLC. Takes $626,000 Position in Capital One Financial Corporation $COF

Institute for Wealth Management LLC. acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,944 shares of the financial services provider’s stock, valued at approximately $626,000.

A number of other large investors have also recently bought and sold shares of COF. Brighton Jones LLC grew its position in Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 10,428 shares during the period. NBC Securities Inc. bought a new stake in Capital One Financial in the first quarter valued at $142,000. Merit Financial Group LLC grew its position in Capital One Financial by 56.1% in the first quarter. Merit Financial Group LLC now owns 6,142 shares of the financial services provider’s stock valued at $1,101,000 after acquiring an additional 2,207 shares during the period. Whipplewood Advisors LLC grew its position in Capital One Financial by 1,297.4% in the first quarter. Whipplewood Advisors LLC now owns 1,090 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 1,012 shares during the period. Finally, Richard P Slaughter Associates Inc bought a new stake in Capital One Financial in the first quarter valued at $231,000. 89.84% of the stock is currently owned by institutional investors.

Insider Transactions at Capital One Financial

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

Capital One Financial Trading Up 0.5%

Shares of COF opened at $213.55 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The firm has a market capitalization of $136.57 billion, a PE ratio of 109.51, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18. The stock’s fifty day simple moving average is $219.22 and its 200-day simple moving average is $200.32.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period last year, the company earned $3.14 EPS. The company’s revenue was up 31.4% compared to the same quarter last year. As a group, research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio is 123.08%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays reiterated an “overweight” rating and issued a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Royal Bank Of Canada increased their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Evercore ISI increased their target price on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. increased their target price on Capital One Financial from $245.00 to $248.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, Truist Financial increased their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $244.29.

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.