Capital One Financial Corporation $COF Shares Acquired by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its position in Capital One Financial Corporation (NYSE:COF) by 71.0% in the second quarter, HoldingsChannel reports. The fund owned 3,556 shares of the financial services provider’s stock after acquiring an additional 1,476 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Capital One Financial were worth $757,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of COF. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock worth $10,010,000 after purchasing an additional 9,374 shares during the last quarter. Plancorp LLC acquired a new position in shares of Capital One Financial during the 2nd quarter worth about $272,000. Creative Financial Designs Inc. ADV raised its position in shares of Capital One Financial by 105.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 394 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after purchasing an additional 1,312 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth about $215,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock valued at $5,103,824 over the last quarter. 1.26% of the stock is owned by insiders.

Capital One Financial Stock Performance

Shares of COF stock opened at $214.39 on Friday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The firm has a 50 day moving average of $219.30 and a two-hundred day moving average of $200.97. The stock has a market capitalization of $137.10 billion, a PE ratio of 109.94, a P/E/G ratio of 0.81 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the previous year, the business posted $3.14 earnings per share. Capital One Financial’s revenue for the quarter was up 31.4% compared to the same quarter last year. On average, research analysts predict 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. Investors of record on Friday, August 15th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Wall Street Analyst Weigh In

COF has been the subject of several research analyst reports. The Goldman Sachs Group reduced their price target on shares of Capital One Financial from $276.00 to $266.00 and set a “buy” rating for the company in a research report on Friday. Citigroup increased their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Capital One Financial in a report on Saturday, September 27th. Finally, TD Cowen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and increased 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 given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $249.06.

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.