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Allworth Financial LP Acquires 826 Shares of Capital One Financial Co. (NYSE:COF)

Defense World · Sep 27, 2022 04:42

Allworth Financial LP lifted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 107.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,598 shares of the financial services provider's stock after purchasing an additional 826 shares during the period. Allworth Financial LP's holdings in Capital One Financial were worth $166,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in COF. TruWealth Advisors LLC raised its holdings in shares of Capital One Financial by 4.7% during the 1st quarter. TruWealth Advisors LLC now owns 1,896 shares of the financial services provider's stock worth $249,000 after buying an additional 85 shares in the last quarter. Ethic Inc. grew its position in Capital One Financial by 0.4% during the 1st quarter. Ethic Inc. now owns 23,140 shares of the financial services provider's stock worth $3,038,000 after acquiring an additional 89 shares during the last quarter. Dumont & Blake Investment Advisors LLC grew its position in Capital One Financial by 0.8% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 11,773 shares of the financial services provider's stock worth $1,546,000 after acquiring an additional 94 shares during the last quarter. Norwood Financial Corp grew its position in Capital One Financial by 15.4% during the 1st quarter. Norwood Financial Corp now owns 750 shares of the financial services provider's stock worth $98,000 after acquiring an additional 100 shares during the last quarter. Finally, JJJ Advisors Inc. grew its position in Capital One Financial by 9.6% during the 1st quarter. JJJ Advisors Inc. now owns 1,142 shares of the financial services provider's stock worth $150,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 88.44% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research report on Friday, June 17th. Wells Fargo & Company reduced their price objective on Capital One Financial from $160.00 to $130.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 13th. Piper Sandler reduced their price objective on Capital One Financial from $125.00 to $110.00 and set a "neutral" rating on the stock in a research report on Monday. Barclays reduced their price target on Capital One Financial from $207.00 to $170.00 and set an "overweight" rating on the stock in a research report on Friday, July 22nd. Finally, Morgan Stanley reduced their price target on Capital One Financial from $126.00 to $121.00 and set an "equal weight" rating on the stock in a research report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $155.93.

Insider Buying and Selling

In related news, insider Mark Daniel Mouadeb sold 600 shares of the company's stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $100.94, for a total transaction of $60,564.00. Following the transaction, the insider now directly owns 12,243 shares of the company's stock, valued at approximately $1,235,808.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Mark Daniel Mouadeb sold 600 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $100.94, for a total value of $60,564.00. Following the completion of the sale, the insider now directly owns 12,243 shares of the company's stock, valued at $1,235,808.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kara West sold 2,778 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $109.67, for a total value of $304,663.26. Following the completion of the sale, the insider now directly owns 8,344 shares of the company's stock, valued at $915,086.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,928 shares of company stock valued at $8,506,721. 1.27% of the stock is owned by company insiders.

Capital One Financial Stock Down 2.6 %

Shares of Capital One Financial stock opened at $91.30 on Tuesday. The stock's 50-day moving average is $107.36 and its 200 day moving average is $117.12. Capital One Financial Co. has a one year low of $90.85 and a one year high of $174.65. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $35.04 billion, a price-to-earnings ratio of 4.01, a PEG ratio of 0.24 and a beta of 1.42.

Capital One Financial (NYSE:COF – Get Rating) last posted its quarterly earnings results on Thursday, July 21st. The financial services provider reported $4.96 earnings per share for the quarter, missing analysts' consensus estimates of $5.13 by ($0.17). Capital One Financial had a return on equity of 17.07% and a net margin of 29.23%. The firm had revenue of $8.23 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same period last year, the company posted $7.71 earnings per share. Equities research analysts anticipate that Capital One Financial Co. will post 20.09 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, August 8th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Friday, August 5th. Capital One Financial's dividend payout ratio (DPR) is currently 10.54%.

About Capital One Financial

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Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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.