Meadowbrook Wealth Management LLC Acquires Shares of 4,107 Capital One Financial Corporation $COF

Meadowbrook Wealth Management LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 4,107 shares of the financial services provider’s stock, valued at approximately $841,000. Capital One Financial accounts for about 0.9% of Meadowbrook Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of COF. Evolution Wealth Management Inc. increased its stake in shares of Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after buying an additional 90 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in Capital One Financial during the 4th quarter worth about $27,000. Cherry Tree Wealth Management LLC grew its holdings in Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 105 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in Capital One Financial in the 4th quarter valued at about $29,000. Finally, CrossGen Wealth LLC acquired a new stake in Capital One Financial in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Up 4.3%

Capital One Financial stock opened at $217.93 on Tuesday. The company’s 50 day simple moving average is $198.32 and its 200 day simple moving average is $198.69. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The firm has a market capitalization of $133.70 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 0.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COFGet Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the prior year, the firm earned $5.48 earnings per share. The business’s quarterly revenue was up 26.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 20.19 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s payout ratio is 19.80%.

Key Stories Impacting Capital One Financial

Here are the key news stories impacting Capital One Financial this week:

  • Positive Sentiment: Strong momentum and analyst interest: Zacks identified Capital One as a strong momentum stock, while Goldman Sachs added a major financial company to its August conviction list. These endorsements may support investor sentiment and buying interest. Zacks momentum stock article Goldman Sachs conviction list article
  • Positive Sentiment: Payments strategy remains a growth focus: Industry commentary highlighted Capital One’s efforts to expand beyond traditional payments, including capabilities tied to credentials, money movement, tokenization, data and value-added services. Such initiatives could strengthen long-term revenue growth and customer retention. Card networks growth strategy article
  • Positive Sentiment: Recent financial performance provides support: Capital One’s latest reported quarter included earnings of $5.81 per share, ahead of the $4.79 consensus estimate, while revenue rose 26.9% year over year to $15.83 billion. The earnings beat and revenue growth reinforce the bullish case.
  • Neutral Sentiment: Account closures draw political and regulatory attention: Capital One disclosed that it closed more than 300 Trump Organization-affiliated accounts in 2021 following an anti-money-laundering review. The disclosure could create reputational or political risks, although the stated compliance rationale may limit direct financial impact. CNN account closures article
  • Neutral Sentiment: Insider sale has limited significance: Director Ravi Raghu sold 9,726 shares worth approximately $2.04 million under a pre-arranged Rule 10b5-1 trading plan. While insider selling can concern investors, the preset plan reduces its value as a discretionary bearish signal. SEC insider transaction filing

Insider Activity

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the transaction, the general counsel directly owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the sale, the insider owned 26,328 shares of the company’s stock, valued at $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,213 shares of company stock valued at $4,147,832 in the last quarter. Company insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Truist Financial dropped their target price on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Wells Fargo & Company lowered their price target on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Morgan Stanley lowered their price target on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Bank of America dropped their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Evercore reduced their price objective on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $259.36.

Get Our Latest Research Report on Capital One Financial

Capital One Financial Company Profile

(Free Report)

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

Further Reading

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COFFree Report).

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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