Kathmere Capital Management LLC Increases Stock Holdings in Capital One Financial Corporation $COF

Kathmere Capital Management LLC increased its holdings in Capital One Financial Corporation (NYSE:COF) by 32.7% in the second quarter, Holdings Channel.com reports. The firm owned 4,674 shares of the financial services provider’s stock after purchasing an additional 1,151 shares during the period. Kathmere Capital Management LLC’s holdings in Capital One Financial were worth $994,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in Capital One Financial during the first quarter valued at about $25,000. Saudi Central Bank acquired a new position in shares of Capital One Financial during the first quarter worth about $27,000. Physician Wealth Advisors Inc. lifted its stake in shares of Capital One Financial by 1,200.0% during the second quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 144 shares in the last quarter. Beacon Capital Management LLC lifted its stake in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 97 shares in the last quarter. Finally, Family Legacy Financial Solutions LLC acquired a new position in shares of Capital One Financial in the second quarter worth about $42,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other news, CAO Timothy P. Golden sold 3,462 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares of the company’s stock, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock valued at $4,679,844 in the last three months. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on COF. Royal Bank Of Canada upped their price objective on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Truist Financial upped their target price on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, September 12th. Citigroup upped their target price on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Finally, Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $239.44.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $223.97 on Friday. The company has a market capitalization of $143.23 billion, a PE ratio of 114.86, a price-to-earnings-growth ratio of 0.86 and a beta of 1.17. The stock has a fifty day moving average of $219.28 and a 200-day moving average of $199.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

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

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

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.