Jackson Thornton Wealth Management LLC Purchases Shares of 1,198 Capital One Financial Corporation $COF

Jackson Thornton Wealth Management LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,198 shares of the financial services provider’s stock, valued at approximately $261,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC increased its stake in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares during the last quarter. Olistico Wealth LLC increased its stake in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after buying an additional 101 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its position in shares of Capital One Financial by 66.7% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 50 shares during the period. RMG Wealth Management LLC bought a new position in shares of Capital One Financial in the 2nd quarter valued at about $27,000. Finally, Signature Resources Capital Management LLC bought a new position in shares of Capital One Financial in the 2nd quarter valued at about $28,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of COF stock opened at $214.98 on Tuesday. The company has a market capitalization of $137.48 billion, a price-to-earnings ratio of 110.25, a PEG ratio of 0.76 and a beta of 1.18. 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 company has a 50-day simple moving average of $219.15 and a 200 day simple moving average of $204.10. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45.

Capital One Financial (NYSE:COF) last announced its 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 for the quarter, compared to the consensus estimate of $12.72 billion. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.14 EPS. On average, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently commented on COF. Barclays lifted 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, October 6th. Robert W. Baird lifted their price objective on shares of Capital One Financial from $240.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Keefe, Bruyette & Woods lifted their price objective 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Capital One Financial in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.78.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 68,707 shares of the company’s stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were 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 of the company’s stock, valued at $1,891,299.80. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is currently owned by corporate insiders.

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.