Ritholtz Wealth Management Has $1.54 Million Stock Position in Capital One Financial Co. (NYSE:COF)

Ritholtz Wealth Management raised its position in Capital One Financial Co. (NYSE:COF) by 3.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,143 shares of the financial services provider’s stock after acquiring an additional 354 shares during the period. Ritholtz Wealth Management’s holdings in Capital One Financial were worth $1,543,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors lifted its holdings in shares of Capital One Financial by 72.8% in 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 purchasing an additional 8,900,241 shares in the last quarter. Norges Bank acquired a new position in Capital One Financial during the fourth quarter worth $409,831,000. Clearbridge Investments LLC raised its holdings in Capital One Financial by 18.8% during the first 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 during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Capital One Financial by 123.4% in the second quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock valued at $107,016,000 after buying an additional 427,000 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Capital One Financial by 5,968.2% during the fourth quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock valued at $54,861,000 after buying an additional 411,509 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 1.1 %

Shares of NYSE COF opened at $146.93 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $56.11 billion, a PE ratio of 11.51, a P/E/G ratio of 1.16 and a beta of 1.45. Capital One Financial Co. has a one year low of $88.23 and a one year high of $153.35. The business’s fifty day moving average price is $141.02 and its 200-day moving average price is $140.29.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). The business had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. Capital One Financial’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $3.52 earnings per share. On average, equities research analysts anticipate that Capital One Financial Co. will post 13.1 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 1.63%. Capital One Financial’s dividend payout ratio is 18.79%.

Insider Buying and Selling at Capital One Financial

In other news, 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 directly owns 73,734 shares of the company’s stock, valued at $11,060,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction that occurred on 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on COF shares. BTIG Research began coverage on shares of Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Bank of America increased their price objective on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Evercore ISI decreased their price target on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. raised their price objective on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Capital One Financial has an average rating of “Hold” and an average target price of $145.89.

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.