SteelPeak Wealth LLC Grows Position in Capital One Financial Corporation $COF

SteelPeak Wealth LLC lifted its stake in Capital One Financial Corporation (NYSE:COF) by 6.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,513 shares of the financial services provider’s stock after buying an additional 412 shares during the quarter. SteelPeak Wealth LLC’s holdings in Capital One Financial were worth $1,386,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of COF. Moisand Fitzgerald Tamayo LLC lifted its position in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares during the last quarter. Olistico Wealth LLC lifted its position in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. Signature Resources Capital Management LLC bought a new position in Capital One Financial during the second quarter valued at $28,000. WPG Advisers LLC bought a new position in Capital One Financial during the first quarter valued at $25,000. Finally, Saudi Central Bank bought a new position in Capital One Financial during the first quarter valued at $27,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 0.2%

NYSE COF opened at $213.39 on Wednesday. The stock has a market cap of $136.46 billion, a PE ratio of 109.43, a PEG ratio of 0.79 and a beta of 1.18. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The company’s 50-day moving average price is $219.29 and its 200-day moving average price is $201.70. 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 posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during 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 period in the prior year, the business earned $3.14 EPS. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 annualized dividend 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 currently 123.08%.

Insider Activity at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares of the company’s stock, valued at $1,889,786.36. This trade represents a 27.81% decrease in their position. 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 dated 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 completion of the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on COF. Barclays increased their price objective on shares of Capital One Financial from $253.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday. The Goldman Sachs Group lowered their price objective on shares of Capital One Financial from $276.00 to $266.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Wells Fargo & Company increased their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Capital One Financial in a research note on Saturday, September 27th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $250.44.

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.