Wealthspire Advisors LLC Raises Stake in Capital One Financial Corporation $COF

Wealthspire Advisors LLC raised its position in Capital One Financial Corporation (NYSE:COF) by 76.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,235 shares of the financial services provider’s stock after purchasing an additional 5,302 shares during the period. Wealthspire Advisors LLC’s holdings in Capital One Financial were worth $2,603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of COF. Kingstone Capital Partners Texas LLC increased its holdings in Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after buying an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Capital One Financial by 74.8% in the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after acquiring an additional 24,129,990 shares during the last quarter. Geode Capital Management LLC lifted its stake in Capital One Financial by 64.1% during the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares during the last quarter. Boston Partners acquired a new position in Capital One Financial in the second quarter valued at approximately $533,486,000. Finally, Diamond Hill Capital Management Inc. acquired a new position in Capital One Financial in the first quarter valued at approximately $381,848,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Up 1.1%

COF opened at $202.15 on Thursday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The business has a 50 day moving average price of $217.46 and a two-hundred day moving average price of $211.35. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The company has a market cap of $128.51 billion, a PE ratio of 85.29, a P/E/G ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business had revenue of $15.46 billion for the quarter. As a group, research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, November 17th. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is currently 135.02%.

Insider Activity

In related news, insider Frank G. LapradeIii sold 17,840 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the completion of the sale, the insider owned 48,315 shares in the company, valued at $10,727,379.45. This trade represents a 26.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total value of $438,820.00. Following the completion of the sale, the general counsel directly owned 96,486 shares in the company, valued at $21,169,993.26. This represents a 2.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 274,013 shares of company stock worth $61,045,903 over the last quarter. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Truist Financial lifted their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. TD Cowen upped their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, The Goldman Sachs Group lifted their target price on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

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.