River Wealth Advisors LLC Raises Stock Holdings in Capital One Financial Corporation $COF

River Wealth Advisors LLC boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 27.9% in the second quarter, HoldingsChannel.com reports. The fund owned 19,755 shares of the financial services provider’s stock after acquiring an additional 4,307 shares during the quarter. River Wealth Advisors LLC’s holdings in Capital One Financial were worth $4,203,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC boosted its position in Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after buying an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. raised its position in Capital One Financial by 74.8% during the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after buying an additional 24,129,990 shares during the last quarter. Norges Bank acquired a new stake in Capital One Financial during the 2nd quarter valued at approximately $1,701,511,000. Geode Capital Management LLC boosted its holdings in shares of Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after acquiring an additional 5,474,328 shares during the last quarter. Finally, Boston Partners acquired a new stake in shares of Capital One Financial in the second quarter worth $534,777,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

NYSE:COF opened at $223.91 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $142.34 billion, a PE ratio of 94.47, a P/E/G ratio of 0.52 and a beta of 1.16. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a fifty day moving average of $215.47 and a two-hundred day moving average of $212.84.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The business had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. As a group, research analysts forecast 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 declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a $0.80 dividend. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Capital One Financial’s dividend payout ratio is presently 135.02%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on COF. Truist Financial boosted their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. TD Cowen lifted their price objective on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Evercore ISI upped their target price on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. BTIG Research reaffirmed a “buy” rating and set a $264.00 target price on shares of Capital One Financial in a report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Capital One Financial from $224.00 to $240.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Insider Transactions at Capital One Financial

In other news, insider Neal Blinde sold 43,200 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the sale, the insider owned 73,020 shares of the company’s stock, valued at $16,198,026.60. This represents a 37.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the completion of the sale, the insider owned 48,315 shares of the company’s stock, valued at $10,727,379.45. This trade represents a 26.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 272,013 shares of company stock valued at $60,599,103 over the last ninety days. Company insiders own 1.26% of the company’s stock.

Capital One Financial 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.