Wealth Enhancement Advisory Services LLC Raises Stock Position in Capital One Financial Corporation $COF

Wealth Enhancement Advisory Services LLC raised its position in Capital One Financial Corporation (NYSE:COF) by 19.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,865 shares of the financial services provider’s stock after purchasing an additional 22,251 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Capital One Financial were worth $35,763,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Strive Asset Management LLC acquired a new position in Capital One Financial in the third quarter valued at approximately $28,000. Howard Hughes Medical Institute acquired a new stake in Capital One Financial during the second quarter worth $29,000. WFA of San Diego LLC acquired a new stake in Capital One Financial during the second quarter worth $32,000. Crowley Wealth Management Inc. purchased a new stake in Capital One Financial in the third quarter valued at $33,000. Finally, Adalta Capital Management LLC purchased a new stake in Capital One Financial in the third quarter valued at $38,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of a number of research analyst reports. HSBC lowered their price target on Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a report on Tuesday, January 20th. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $275.00 target price on shares of Capital One Financial in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 29th. Finally, Truist Financial reduced their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $275.95.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 2,108 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $218.25, for a total value of $460,071.00. Following the sale, the insider owned 59,269 shares of the company’s stock, valued at $12,935,459.25. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lia Dean sold 3,284 shares of Capital One Financial stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total value of $734,565.12. Following the completion of the transaction, the insider owned 70,162 shares of the company’s stock, valued at $15,693,836.16. The trade was a 4.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 67,933 shares of company stock valued at $14,363,897 in the last 90 days. Insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

Shares of COF opened at $183.93 on Tuesday. The company has a market cap of $114.39 billion, a P/E ratio of 62.14, a PEG ratio of 0.54 and a beta of 1.14. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average price is $207.39 and its 200 day moving average price is $218.97.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). The business had revenue of $15.62 billion during the quarter, compared to analysts’ expectations of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The business’s quarterly revenue was up 53.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.67 EPS. On average, research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were issued a $0.80 dividend. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.