Ashton Thomas Private Wealth LLC Boosts Holdings in Capital One Financial Corporation $COF

Ashton Thomas Private Wealth LLC lifted its holdings in Capital One Financial Corporation (NYSE:COF) by 234.5% in the third quarter, HoldingsChannel reports. The fund owned 6,847 shares of the financial services provider’s stock after buying an additional 4,800 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Capital One Financial were worth $1,456,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mather Group LLC. grew its stake in shares of Capital One Financial by 1.0% during the third quarter. Mather Group LLC. now owns 4,540 shares of the financial services provider’s stock valued at $965,000 after buying an additional 47 shares during the last quarter. Optas LLC boosted its holdings in Capital One Financial by 1.4% during the 3rd quarter. Optas LLC now owns 3,484 shares of the financial services provider’s stock valued at $741,000 after acquiring an additional 49 shares during the period. Nations Financial Group Inc. IA ADV grew its position in Capital One Financial by 1.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 4,450 shares of the financial services provider’s stock worth $946,000 after acquiring an additional 49 shares during the last quarter. Bridges Investment Management Inc. increased its stake in Capital One Financial by 0.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 11,251 shares of the financial services provider’s stock worth $2,392,000 after purchasing an additional 49 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC increased its stake in Capital One Financial by 66.7% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 50 shares during the period. Institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on COF shares. Robert W. Baird raised their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Barclays cut their price target on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $275.00 price objective on shares of Capital One Financial in a research note on Monday, January 12th. Evercore dropped their target price on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, January 27th. Finally, Jefferies Financial Group boosted their price target on Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average target price of $274.70.

Insider Activity at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total transaction of $500,000.00. Following the completion of the transaction, the general counsel directly owned 92,486 shares in the company, valued at $23,121,500. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank G. LapradeIii sold 17,840 shares of Capital One Financial stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $222.03, for a total value of $3,961,015.20. Following the completion of the transaction, the insider directly owned 48,315 shares of the company’s stock, valued at approximately $10,727,379.45. This represents a 26.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,114 shares of company stock worth $12,092,070 over the last quarter. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Stock Performance

Shares of COF stock opened at $222.72 on Friday. The company’s fifty day moving average price is $235.54 and its 200-day moving average price is $223.50. The stock has a market cap of $141.59 billion, a PE ratio of 75.24, a price-to-earnings-growth ratio of 0.64 and a beta of 1.14. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The business had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same period last year, the business earned $2.67 earnings per share. The company’s revenue was up 53.3% on a year-over-year basis. On average, equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be paid a $0.80 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. Capital One Financial’s dividend payout ratio is presently 108.11%.

Capital One Financial Company 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.