2,432 Shares in Capital One Financial Corporation $COF Purchased by Jackson Wealth Management LLC

Jackson Wealth Management LLC acquired a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,432 shares of the financial services provider’s stock, valued at approximately $517,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Franklin Street Advisors Inc. NC bought a new position in Capital One Financial during the second quarter worth about $241,000. Stock Yards Bank & Trust Co. boosted its holdings in Capital One Financial by 443.3% during the second quarter. Stock Yards Bank & Trust Co. now owns 9,019 shares of the financial services provider’s stock worth $1,919,000 after buying an additional 7,359 shares during the last quarter. Ascent Group LLC boosted its holdings in Capital One Financial by 9.5% during the second quarter. Ascent Group LLC now owns 19,574 shares of the financial services provider’s stock worth $4,165,000 after buying an additional 1,698 shares during the last quarter. New Century Financial Group LLC bought a new position in Capital One Financial during the second quarter worth about $276,000. Finally, Whelan Financial boosted its holdings in Capital One Financial by 45.2% during the second quarter. Whelan Financial now owns 3,716 shares of the financial services provider’s stock worth $791,000 after buying an additional 1,156 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on COF shares. Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Morgan Stanley lifted their price objective on Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a report on Monday. Wells Fargo & Company lifted their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Finally, TD Cowen upgraded Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $249.06.

Capital One Financial Trading Up 0.3%

NYSE COF opened at $214.39 on Friday. The stock has a market capitalization of $137.10 billion, a price-to-earnings ratio of 109.94, a PEG ratio of 0.81 and a beta of 1.18. The stock’s 50 day moving average price is $219.30 and its two-hundred day moving average price is $200.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The company’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.14 EPS. As a group, analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share 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 given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial’s payout ratio is 123.08%.

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel owned 98,486 shares in the company, valued at $20,878,047.14. This represents a 1.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is currently owned by company insiders.

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.