Philip James Wealth Mangement LLC Purchases New Position in Capital One Financial Co. (NYSE:COF)

Philip James Wealth Mangement LLC bought a new stake in Capital One Financial Co. (NYSE:COF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,195 shares of the financial services provider’s stock, valued at approximately $329,000.

Other hedge funds also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in shares of Capital One Financial in the first quarter valued at approximately $25,000. Y.D. More Investments Ltd acquired a new position in Capital One Financial in the 2nd quarter worth $28,000. Hobbs Group Advisors LLC bought a new position in Capital One Financial during the 2nd quarter worth about $29,000. Unique Wealth Strategies LLC bought a new stake in shares of Capital One Financial in the second quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Capital One Financial during the third quarter worth about $36,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on COF. Barclays boosted their target price on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Citigroup assumed coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 target price for the company. Royal Bank of Canada lifted their price target on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Evercore ISI increased their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird lifted their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $156.35.

Capital One Financial Stock Performance

COF stock traded down $0.22 during midday trading on Friday, reaching $184.60. 299,459 shares of the company were exchanged, compared to its average volume of 2,529,221. The firm has a market capitalization of $70.43 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.22 and a beta of 1.43. The business has a 50-day moving average price of $151.92 and a two-hundred day moving average price of $144.43. Capital One Financial Co. has a one year low of $102.63 and a one year high of $198.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping the consensus estimate of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. Capital One Financial’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.45 EPS. Equities research analysts forecast that Capital One Financial Co. will post 13.17 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 14th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.30%. Capital One Financial’s payout ratio is currently 22.66%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the transaction, the insider now owns 19,776 shares in the company, valued at $3,211,029.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at $7,153,760. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the sale, the insider now directly owns 19,776 shares in the company, valued at approximately $3,211,029.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

About Capital One Financial

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.