Aletheian Wealth Advisors LLC Buys New Shares in Capital One Financial Corporation $COF

Aletheian Wealth Advisors LLC bought a new stake in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 982 shares of the financial services provider’s stock, valued at approximately $209,000.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock valued at $10,010,000 after purchasing an additional 9,374 shares during the period. Creative Financial Designs Inc. ADV grew its stake in Capital One Financial by 105.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock worth $138,000 after buying an additional 394 shares during the period. Private Advisor Group LLC grew its stake in Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after buying an additional 1,312 shares during the period. Mutual Advisors LLC purchased a new stake in Capital One Financial during the first quarter worth approximately $215,000. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new stake in Capital One Financial during the fourth quarter worth approximately $91,780,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Trading Down 0.3%

NYSE COF opened at $223.59 on Friday. Capital One Financial Corporation has a 12 month low of $137.64 and a 12 month high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $142.99 billion, a price-to-earnings ratio of 114.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. The company’s fifty day moving average price is $217.89 and its two-hundred day moving average price is $196.49.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter last year, the company earned $3.14 earnings per share. The company’s revenue was up 31.4% compared to the same quarter last year. As a group, research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued 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 of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio is 123.08%.

Insider Buying and Selling 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 value of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company’s stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel directly owned 100,486 shares in the company, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 over the last three months. 1.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on COF. Bank of America boosted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Redburn Atlantic upgraded shares of Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Wells Fargo & Company upped their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 target price for the company. Finally, Barclays restated an “overweight” rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $239.44.

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.