Principle Wealth Partners LLC Makes New Investment in Capital One Financial Corporation $COF

Principle Wealth Partners LLC purchased a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,304 shares of the financial services provider’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COF. Kingstone Capital Partners Texas LLC boosted its holdings in 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 acquiring an additional 117,427,549 shares during the period. Diamond Hill Capital Management Inc. purchased a new position in shares of Capital One Financial during the 1st quarter valued at approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Capital One Financial by 45.1% during 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 buying an additional 1,454,595 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Capital One Financial by 23.7% during 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 buying an additional 950,415 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Capital One Financial during the 1st quarter valued at approximately $141,599,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Thursday, October 2nd. The stock was 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 trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Timothy P. Golden sold 207 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,184 shares of company stock valued at $2,799,248 over the last three months. Company insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

COF stock opened at $219.94 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The firm has a market cap of $140.65 billion, a P/E ratio of 92.80, a P/E/G 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 stock’s 50 day simple moving average is $219.19 and its 200 day simple moving average is $204.75.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $1.70. The business had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business’s revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the company posted $4.51 EPS. As a group, equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on COF shares. Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Wells Fargo & Company increased their target price on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. BTIG Research reiterated a “buy” rating and set a $264.00 target price on shares of Capital One Financial in a research note on Wednesday. The Goldman Sachs Group increased their target price on Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wolfe Research increased their target price on Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.79.

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.