Axxcess Wealth Management LLC Increases Holdings in Capital One Financial Corporation $COF

Axxcess Wealth Management LLC increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 56.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,074 shares of the financial services provider’s stock after acquiring an additional 5,446 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Capital One Financial were worth $3,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kingstone Capital Partners Texas LLC grew its position in shares of Capital One Financial by 588,668.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after buying an additional 117,427,549 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new position in shares of Capital One Financial in the 1st quarter valued at approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Capital One Financial by 45.1% in 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 purchasing an additional 1,454,595 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Capital One Financial by 23.7% in 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 purchasing an additional 950,415 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Capital One Financial in the 1st quarter valued at approximately $141,599,000. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on COF. Rothschild & Co Redburn began coverage on Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 target price for the company. Truist Financial raised their target price on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Citigroup lifted their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Capital One Financial from $215.00 to $224.00 and gave the company a “hold” rating in a research note on Thursday, October 2nd. Finally, TD Cowen lifted their price objective on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $252.78.

Capital One Financial Stock Performance

NYSE:COF opened at $214.08 on Wednesday. The stock has a 50-day simple moving average of $219.00 and a two-hundred day simple moving average of $202.75. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $136.91 billion, a PE ratio of 109.78, a P/E/G ratio of 0.76 and a beta of 1.18.

Capital One Financial (NYSE:COF) last released 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 company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the firm posted $3.14 EPS. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. Analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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 dividend of $0.60 per share. 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 payout ratio is currently 123.08%.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction dated 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 directly owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,298 shares of company stock worth $5,103,824. Company 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.