Pinnacle Wealth Planning Services Inc. Has $771,000 Position in Capital One Financial Corporation $COF

Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 157.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,625 shares of the financial services provider’s stock after purchasing an additional 2,217 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Capital One Financial were worth $771,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. WPG Advisers LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth $25,000. Moisand Fitzgerald Tamayo LLC lifted its stake in shares of Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares during the last quarter. Olistico Wealth LLC boosted its holdings in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Saudi Central Bank acquired a new position in Capital One Financial during the first quarter worth $27,000. Finally, RMG Wealth Management LLC acquired a new position in Capital One Financial during the second quarter worth $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

COF opened at $201.35 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average price is $218.33 and its two-hundred day moving average price is $211.33. The firm has a market capitalization of $128.01 billion, a P/E ratio of 84.96, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The company had revenue of $15.46 billion during the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. On average, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a $0.80 dividend. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s payout ratio is currently 135.02%.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total value of $438,820.00. Following the completion of the sale, the general counsel owned 96,486 shares in the company, valued at approximately $21,169,993.26. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the transaction, the insider owned 73,020 shares in the company, valued at $16,198,026.60. This represents a 37.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 274,013 shares of company stock valued at $61,045,903. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial boosted their price target on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Rothschild & Co Redburn began coverage on Capital One Financial in a report on Friday, August 1st. They issued a “buy” rating and a $290.00 target price for the company. Citigroup upped their target price on Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Robert W. Baird increased their price target on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, TD Cowen lifted their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $261.63.

About Capital One Financial

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.