Sound View Wealth Advisors Group LLC Purchases 1,022 Shares of Capital One Financial Corporation $COF

Sound View Wealth Advisors Group LLC increased its position in shares of Capital One Financial Corporation (NYSE:COF) by 52.8% in the second quarter, Holdings Channel.com reports. The firm owned 2,959 shares of the financial services provider’s stock after purchasing an additional 1,022 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Capital One Financial were worth $630,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Earned Wealth Advisors LLC purchased a new position in Capital One Financial in the 2nd quarter worth $254,000. Plancorp LLC purchased a new stake in Capital One Financial during the 2nd quarter valued at about $272,000. Private Advisor Group LLC increased its holdings in shares of Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock valued at $1,776,000 after purchasing an additional 1,312 shares during the period. Callodine Capital Management LP raised its stake in shares of Capital One Financial by 200.0% in the first quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock worth $26,895,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of Capital One Financial by 111.8% during the second quarter. Flagship Harbor Advisors LLC now owns 2,510 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 1,325 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the sale, the insider owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. The trade was a 37.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the company’s 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 owned 8,780 shares of the company’s stock, valued at $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 259,842 shares of company stock valued at $57,857,467 over the last ninety days. 1.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on COF shares. TD Cowen increased their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, October 6th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Evercore ISI increased their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. UBS Group decreased their target price on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Finally, Wolfe Research upped their price target on shares of Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Stock Up 0.4%

COF opened at $217.83 on Monday. The company has a fifty day moving average of $219.28 and a two-hundred day moving average of $209.94. The stock has a market capitalization of $138.48 billion, a price-to-earnings ratio of 91.91, a PEG ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last posted 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 net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion for the quarter. On average, research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 17th. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio is 135.02%.

Capital One Financial Company Profile

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.