BSW Wealth Partners Invests $459,000 in Capital One Financial Corporation $COF

BSW Wealth Partners purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,155 shares of the financial services provider’s stock, valued at approximately $459,000.

A number of other institutional investors have also recently bought and sold shares of the business. New Wave Wealth Advisors LLC purchased a new position in shares of Capital One Financial during the 2nd quarter valued at $577,000. Newman Dignan & Sheerar Inc. purchased a new stake in shares of Capital One Financial in the 2nd quarter valued at about $204,000. Cohen Klingenstein LLC raised its holdings in shares of Capital One Financial by 155.8% in the 2nd quarter. Cohen Klingenstein LLC now owns 16,064 shares of the financial services provider’s stock valued at $3,418,000 after acquiring an additional 9,784 shares in the last quarter. Mountain Pacific Investment Advisers LLC raised its holdings in shares of Capital One Financial by 4.6% in the 2nd quarter. Mountain Pacific Investment Advisers LLC now owns 4,651 shares of the financial services provider’s stock valued at $990,000 after acquiring an additional 203 shares in the last quarter. Finally, SOA Wealth Advisors LLC. raised its holdings in shares of Capital One Financial by 228.9% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 296 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 206 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares in the company, 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 available through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the firm’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 value of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. The trade was a 27.81% 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 90 days. 1.26% of the stock is owned by insiders.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $213.79 on Friday. The business’s 50-day moving average price is $219.26 and its 200-day moving average price is $200.65. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The firm has a market capitalization of $136.72 billion, a PE ratio of 109.64, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the business earned $3.14 earnings per share. Capital One Financial’s revenue was up 31.4% compared to the same quarter last year. Sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on COF shares. Keefe, Bruyette & Woods raised their price target on Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Evercore ISI raised their price target on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday. Morgan Stanley increased their price objective on Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a research report on Monday. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Finally, Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They set a “buy” rating and a $290.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $245.67.

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.