Ascent Group LLC Purchases 1,698 Shares of Capital One Financial Corporation $COF

Ascent Group LLC raised its position in Capital One Financial Corporation (NYSE:COF) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,574 shares of the financial services provider’s stock after purchasing an additional 1,698 shares during the period. Ascent Group LLC’s holdings in Capital One Financial were worth $4,165,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. New Century Financial Group LLC bought a new position in Capital One Financial in the 2nd quarter valued at $276,000. Whelan Financial raised its position in shares of Capital One Financial by 45.2% during the 2nd quarter. Whelan Financial now owns 3,716 shares of the financial services provider’s stock valued at $791,000 after buying an additional 1,156 shares in the last quarter. Ameritas Advisory Services LLC raised its position in shares of Capital One Financial by 59.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 2,204 shares of the financial services provider’s stock valued at $469,000 after buying an additional 821 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Capital One Financial by 270.8% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,872 shares of the financial services provider’s stock valued at $1,037,000 after buying an additional 3,558 shares in the last quarter. Finally, Verus Financial Partners Inc. raised its position in shares of Capital One Financial by 12.0% during the 2nd quarter. Verus Financial Partners Inc. now owns 2,349 shares of the financial services provider’s stock valued at $512,000 after buying an additional 251 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COF. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Capital One Financial from $215.00 to $224.00 and gave the company a “hold” rating in a research report on Thursday. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. TD Cowen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Barclays reiterated an “overweight” rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, Citigroup lifted their target price 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. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.06.

Insider Activity

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This trade represents a 1.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was 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 directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock worth $5,103,824 in the last quarter. Insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $214.39 on Friday. The stock has a market cap of $137.10 billion, a PE ratio of 109.94, a PEG ratio of 0.81 and a beta of 1.18. The company’s fifty day moving average is $219.30 and its 200 day moving average is $200.97. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. 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 (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The firm 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 period last year, the business earned $3.14 EPS. Research analysts anticipate 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. Shareholders of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is 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.