Global Retirement Partners LLC Invests $2.25 Million in Capital One Financial Corporation $COF

Global Retirement Partners LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,581 shares of the financial services provider’s stock, valued at approximately $2,251,000.

A number of other large investors also recently bought and sold shares of COF. Moisand Fitzgerald Tamayo LLC raised its stake in shares of 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 acquiring an additional 62 shares during the period. Olistico Wealth LLC increased its holdings 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 purchasing an additional 101 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 50 shares during the period. RMG Wealth Management LLC purchased a new stake in Capital One Financial in the second quarter valued at approximately $27,000. Finally, Solstein Capital LLC acquired a new position in Capital One Financial during the second quarter worth $28,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Price Performance

COF stock opened at $214.37 on Wednesday. The business’s 50-day moving average is $216.16 and its two-hundred day moving average is $212.11. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $136.28 billion, a P/E ratio of 90.45, a P/E/G ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The firm had revenue of $15.46 billion for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is 135.02%.

Insider Activity

In related news, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the completion of the transaction, the chief executive officer owned 4,001,228 shares in the company, valued at approximately $882,990,995.04. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the completion of the transaction, the insider directly owned 48,315 shares in the company, valued at $10,727,379.45. This trade represents a 26.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 274,013 shares of company stock valued at $61,045,903 in the last 90 days. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the subject of a number of research reports. Wolfe Research lifted their price objective on Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Barclays raised their target price on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. TD Cowen boosted their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. BTIG Research reissued a “buy” rating and set a $264.00 price target on shares of Capital One Financial in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

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.