Wealthfront Advisers LLC Acquires 63,245 Shares of Capital One Financial Corporation $COF

Wealthfront Advisers LLC boosted its stake in Capital One Financial Corporation (NYSE:COF) by 147.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,098 shares of the financial services provider’s stock after purchasing an additional 63,245 shares during the period. Wealthfront Advisers LLC’s holdings in Capital One Financial were worth $22,573,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Eagle Bay Advisors LLC increased its stake in shares of Capital One Financial by 3.6% in the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock valued at $299,000 after buying an additional 49 shares during the period. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in Capital One Financial by 0.3% in the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider’s stock valued at $3,532,000 after acquiring an additional 50 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in Capital One Financial by 66.7% during 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 purchasing an additional 50 shares during the period. TFB Advisors LLC raised its holdings in Capital One Financial by 3.4% during the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 51 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Capital One Financial by 0.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider’s stock worth $1,097,000 after purchasing an additional 53 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial 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 transaction, 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. In the last ninety days, insiders sold 13,184 shares of company stock valued at $2,799,248. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Up 2.2%

Shares of NYSE:COF opened at $224.93 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.03. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The business’s 50 day simple moving average is $219.38 and its two-hundred day simple moving average is $205.63. The firm has a market cap of $143.85 billion, a P/E ratio of 94.91, a PEG ratio of 0.78 and a beta of 1.18.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.36 billion for the quarter, compared to analysts’ expectations of $15.06 billion. During the same period last year, the business earned $4.51 EPS. Capital One Financial’s quarterly revenue was up 53.4% compared to the same quarter last year. As a group, research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal 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 paid a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial’s payout ratio is 101.27%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on COF shares. HSBC increased their price objective on shares of Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a research report on Thursday. Citigroup increased their price target on Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI boosted their price objective on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. JPMorgan Chase & Co. upped their target price on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, BTIG Research reiterated a “buy” rating and issued a $264.00 target price on shares of Capital One Financial in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.