Baker Tilly Wealth Management LLC Increases Holdings in Capital One Financial Co. (NYSE:COF)

Baker Tilly Wealth Management LLC boosted its position in Capital One Financial Co. (NYSE:COF) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,824 shares of the financial services provider’s stock after buying an additional 500 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Capital One Financial were worth $860,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COF. Private Advisor Group LLC boosted its position in shares of Capital One Financial by 10.0% in the 2nd quarter. Private Advisor Group LLC now owns 7,793 shares of the financial services provider’s stock worth $1,079,000 after buying an additional 709 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Capital One Financial in the second quarter valued at about $42,000. Prudential PLC lifted its holdings in shares of Capital One Financial by 40.8% in the second quarter. Prudential PLC now owns 6,807 shares of the financial services provider’s stock valued at $942,000 after purchasing an additional 1,974 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of Capital One Financial by 1.3% in the second quarter. Coldstream Capital Management Inc. now owns 6,263 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 80 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new position in shares of Capital One Financial during the 2nd quarter worth approximately $557,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Trading Down 1.7 %

COF traded down $3.07 on Friday, reaching $177.07. 773,671 shares of the company’s stock were exchanged, compared to its average volume of 1,914,683. Capital One Financial Co. has a twelve month low of $123.23 and a twelve month high of $198.30. The company’s 50 day moving average is $182.66 and its 200-day moving average is $158.31. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $67.50 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.36 and a beta of 1.46.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.81. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.45 earnings per share. Equities analysts predict that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio is presently 22.66%.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their target price on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Robert W. Baird increased their price objective on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Citigroup began coverage on shares of Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 target price for the company. Truist Financial started coverage on shares of Capital One Financial in a report on Tuesday. They set a “buy” rating and a $229.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $181.12.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction dated 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 sale, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,007 shares of company stock valued at $4,982,647. Corporate insiders own 1.30% of the company’s stock.

Capital One Financial Company 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.