Fifth Third Wealth Advisors LLC Takes $575,000 Position in Capital One Financial Co. (NYSE:COF)

Fifth Third Wealth Advisors LLC acquired a new position in Capital One Financial Co. (NYSE:COF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,150 shares of the financial services provider’s stock, valued at approximately $575,000.

Other institutional investors have also recently bought and sold shares of the company. Financial Security Advisor Inc. boosted its position in shares of Capital One Financial by 2.4% in the 1st quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock worth $485,000 after purchasing an additional 75 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in Capital One Financial by 0.5% during the first quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock worth $2,435,000 after acquiring an additional 75 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Capital One Financial by 11.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 75 shares in the last quarter. Smith Chas P & Associates PA Cpas boosted its holdings in shares of Capital One Financial by 2.8% in the first quarter. Smith Chas P & Associates PA Cpas now owns 2,829 shares of the financial services provider’s stock valued at $421,000 after buying an additional 76 shares during the period. Finally, Marcum Wealth LLC increased its position in shares of Capital One Financial by 3.6% during the second quarter. Marcum Wealth LLC now owns 2,295 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COF. Bank of America upped their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI reduced their price objective on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Capital One Financial presently has an average rating of “Hold” and an average price target of $145.89.

Capital One Financial Stock Performance

Shares of COF stock traded up $0.04 during midday trading on Thursday, hitting $139.82. 80,944 shares of the company were exchanged, compared to its average volume of 2,488,928. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $153.35. The firm has a market capitalization of $53.16 billion, a P/E ratio of 10.94, a PEG ratio of 1.13 and a beta of 1.45. The firm’s 50 day moving average price is $139.87 and its two-hundred day moving average price is $139.77. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The firm had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.52 EPS. As a group, equities research analysts anticipate that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Monday, August 12th. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Activity at Capital One Financial

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares in the company, valued at approximately $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

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.