Capital One Financial Corporation $COF Stock Acquired by Green Ridge Wealth Planning LLC

Green Ridge Wealth Planning LLC increased its stake in Capital One Financial Corporation (NYSE:COF) by 166.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,763 shares of the financial services provider’s stock after purchasing an additional 2,975 shares during the quarter. Green Ridge Wealth Planning LLC’s holdings in Capital One Financial were worth $920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of COF. Solstein Capital LLC purchased a new position in shares of Capital One Financial in the second quarter worth approximately $26,000. Ballast Advisors LLC acquired a new stake in shares of Capital One Financial during the first quarter valued at approximately $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Capital One Financial in the 1st quarter valued at approximately $29,000. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Capital One Financial in the 2nd quarter valued at approximately $31,000. Finally, EFG International AG acquired a new position in Capital One Financial in the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Up 1.7%

Shares of NYSE:COF opened at $199.32 on Friday. The company’s fifty day moving average is $210.37 and its 200-day moving average is $199.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a market capitalization of $122.28 billion, a PE ratio of 12.33, a P/E/G ratio of 0.72 and a beta of 1.04.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. The business had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the previous year, the business posted $5.48 earnings per share. Equities research analysts predict that Capital One Financial Corporation will post 20.33 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, August 17th. Capital One Financial’s payout ratio is presently 19.80%.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 5,473 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the sale, the insider directly owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. This represents a 16.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lia Dean sold 2,193 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the sale, the insider owned 63,261 shares in the company, valued at approximately $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 33,850 shares of company stock worth $7,167,152 in the last three months. 0.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

COF has been the subject of several recent analyst reports. Citigroup decreased their target price on Capital One Financial from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. UBS Group boosted their target price on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Capital One Financial in a report on Thursday, August 20th. Finally, Weiss Ratings lowered Capital One Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Twenty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.77.

Capital One Financial Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.