Williams Financial LLC Invests $813,000 in Capital One Financial Co. (NYSE:COF)

Williams Financial LLC acquired a new stake in Capital One Financial Co. (NYSE:COF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,688 shares of the financial services provider’s stock, valued at approximately $813,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in shares of Capital One Financial by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 555,597 shares of the financial services provider’s stock worth $76,922,000 after buying an additional 11,960 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Capital One Financial by 18.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 84,630 shares of the financial services provider’s stock worth $11,717,000 after acquiring an additional 13,374 shares during the period. Meeder Advisory Services Inc. increased its holdings in shares of Capital One Financial by 39.5% during the second quarter. Meeder Advisory Services Inc. now owns 12,512 shares of the financial services provider’s stock valued at $1,732,000 after purchasing an additional 3,545 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Capital One Financial by 8.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 91,521 shares of the financial services provider’s stock valued at $12,262,000 after purchasing an additional 7,464 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in Capital One Financial by 38.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 27,769 shares of the financial services provider’s stock valued at $3,845,000 after buying an additional 7,780 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Capital One Financial news, 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 value of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on COF shares. BTIG Research assumed coverage on Capital One Financial in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $145.00 to $165.00 in a report on Thursday, June 6th. Evercore ISI reduced their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. Bank of America boosted their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $145.89.

Capital One Financial Stock Up 1.0 %

Shares of Capital One Financial stock opened at $138.97 on Friday. The stock has a 50-day moving average price of $141.56 and a 200 day moving average price of $140.54. Capital One Financial Co. has a 1 year low of $88.23 and a 1 year high of $153.35. The company has a market cap of $53.07 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.08 and a beta of 1.44. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81.

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

Capital One Financial Dividend Announcement

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. This represents a $2.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Monday, August 12th. Capital One Financial’s payout ratio is presently 18.79%.

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.