Segment Wealth Management LLC Takes Position in Capital One Financial Corporation $COF

Segment Wealth Management LLC bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 5,734 shares of the financial services provider’s stock, valued at approximately $1,220,000.

Other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of Capital One Financial during the first quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC boosted its position in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after buying an additional 62 shares during the period. Saudi Central Bank acquired a new position in shares of Capital One Financial during the first quarter worth approximately $27,000. Signature Resources Capital Management LLC acquired a new position in shares of Capital One Financial during the second quarter worth approximately $28,000. Finally, Beacon Capital Management LLC boosted its position in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock worth $32,000 after buying an additional 97 shares during the period. 89.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Robert M. Alexander sold 10,114 shares of the 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This trade represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock worth $5,103,824 over the last quarter. 1.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Evercore ISI boosted their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. TD Cowen upgraded Capital One Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Truist Financial boosted their price objective on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $249.06.

Capital One Financial Stock Performance

COF opened at $214.39 on Friday. The company has a market capitalization of $137.10 billion, a price-to-earnings ratio of 109.94, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The business has a 50 day moving average price of $219.30 and a two-hundred day moving average price of $200.97.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping 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. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the company earned $3.14 earnings per share. Research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio is 123.08%.

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.