Allegiance Financial Group Advisory Services LLC Invests $271,000 in Capital One Financial Corporation $COF

Allegiance Financial Group Advisory Services LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,273 shares of the financial services provider’s stock, valued at approximately $271,000.

Several other institutional investors have also modified their holdings of COF. WPG Advisers LLC purchased a new stake in Capital One Financial in the 1st quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC lifted its stake in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares in the last quarter. Olistico Wealth LLC lifted its stake in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after buying an additional 101 shares in the last quarter. Saudi Central Bank purchased a new stake in Capital One Financial in the 1st quarter valued at approximately $27,000. Finally, RMG Wealth Management LLC purchased a new stake in Capital One Financial in the 2nd quarter valued at approximately $27,000. Hedge funds and other institutional investors 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 the stock in a transaction dated 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 owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction dated 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 approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their target price on Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. UBS Group cut their price target on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup boosted their price target on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Robert W. Baird boosted their price target on Capital One Financial from $240.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Capital One Financial in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $250.44.

Capital One Financial Stock Down 0.9%

Shares of NYSE COF opened at $211.79 on Thursday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The company has a market cap of $135.44 billion, a P/E ratio of 108.61, a P/E/G ratio of 0.79 and a beta of 1.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $219.22 and a 200 day moving average price of $201.77.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.14 earnings per share. Research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared 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. 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 dividend payout ratio (DPR) is presently 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.