Legacy Capital Wealth Partners LLC Makes New Investment in Capital One Financial Co. (NYSE:COF)

Legacy Capital Wealth Partners LLC purchased a new position in shares of Capital One Financial Co. (NYSE:COF) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,997 shares of the financial services provider’s stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of COF. Capital Research Global Investors boosted its holdings in shares of Capital One Financial by 72.8% during the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after buying an additional 8,900,241 shares in the last quarter. Norges Bank bought a new position in shares of Capital One Financial during the 4th quarter worth approximately $409,831,000. Clearbridge Investments LLC boosted its holdings in shares of Capital One Financial by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after buying an additional 549,665 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Capital One Financial by 123.4% during the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock worth $107,016,000 after buying an additional 427,000 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Capital One Financial by 5,968.2% during the 4th quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock worth $54,861,000 after buying an additional 411,509 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Activity at Capital One Financial

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the 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 of the company’s stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Evercore ISI cut their target price on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. JPMorgan Chase & Co. increased their target price on Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. Finally, BTIG Research assumed coverage on Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $145.89.

Capital One Financial Stock Down 1.3 %

Shares of NYSE COF opened at $143.77 on Thursday. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $153.35. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $54.66 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.16 and a beta of 1.45. The business has a 50-day moving average of $141.37 and a 200-day moving average of $140.38.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). The firm had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.52 EPS. Sell-side analysts expect that Capital One Financial Co. will post 13.1 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.67%. Capital One Financial’s dividend payout ratio is presently 18.79%.

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.