Kingsview Wealth Management LLC Raises Holdings in Capital One Financial Corporation $COF

Kingsview Wealth Management LLC boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 1,872.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,488 shares of the financial services provider’s stock after acquiring an additional 213,107 shares during the quarter. Capital One Financial accounts for about 0.8% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding. Kingsview Wealth Management LLC’s holdings in Capital One Financial were worth $54,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of COF. Brighton Jones LLC boosted its holdings in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 10,428 shares during the period. Intech Investment Management LLC boosted its holdings in Capital One Financial by 44.3% during the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock valued at $1,608,000 after acquiring an additional 2,753 shares during the period. Sivia Capital Partners LLC boosted its holdings in Capital One Financial by 118.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 1,788 shares during the period. Flow Traders U.S. LLC purchased a new stake in Capital One Financial during the 2nd quarter valued at about $218,000. Finally, Jump Financial LLC purchased a new stake in Capital One Financial during the 2nd quarter valued at about $1,086,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Capital One Financial

In other news, insider Lia Dean sold 1,692 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the completion of the transaction, the insider owned 65,454 shares of the company’s stock, valued at approximately $12,148,916.94. This represents a 2.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the transaction, the general counsel directly owned 97,194 shares of the company’s stock, valued at $17,876,892.42. This represents a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 8,040 shares of company stock valued at $1,498,615. Corporate insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on COF shares. Wells Fargo & Company dropped their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Evercore dropped their price objective on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a report on Monday, April 6th. UBS Group dropped their price objective on Capital One Financial from $283.00 to $270.00 in a report on Wednesday, May 6th. The Goldman Sachs Group dropped their price objective on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, Rothschild & Co Redburn dropped their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Seventeen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $258.75.

Capital One Financial Trading Up 1.4%

NYSE COF opened at $189.03 on Thursday. Capital One Financial Corporation has a fifty-two week low of $174.98 and a fifty-two week high of $259.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day simple moving average of $188.87 and a two-hundred day simple moving average of $209.73. The stock has a market cap of $117.63 billion, a P/E ratio of 66.33, a price-to-earnings-growth ratio of 0.68 and a beta of 1.05.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. During the same quarter last year, the business posted $4.06 EPS. The company’s quarterly revenue was up 52.3% compared to the same quarter last year. On average, analysts forecast that Capital One Financial Corporation will post 19.14 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th will be given a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio is currently 112.28%.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.