September 22, 2023 – Transform Wealth LLC, a financial services provider, has significantly reduced its position in shares of Capital One Financial Co. (NYSE:COF) during the second quarter of this year. According to their recent Form 13F filing with the Securities & Exchange Commission, Transform Wealth LLC revealed that it decreased its holdings in Capital One Financial by 80.2% by selling 53,067 shares. As a result, the firm now owns only 13,131 shares of Capital One Financial’s stock. Based on the information disclosed in their most recent SEC filing, these remaining shares are valued at $1,436,000.
Moreover, Capital One Financial recently made an announcement regarding its quarterly dividend payment on August 18th. Holders of record on August 7th were granted a dividend amounting to $0.60 per share. The ex-dividend date for this dividend was observed on August 4th. This payout translates to an annualized dividend of $2.40 and currently yields a dividend yield of 2.43%. At present, Capital One Financial maintains a payout ratio of 18.38%.
Transform Wealth LLC’s decision to decrease its position in Capital One Financial warrants attention and raises questions about the potential reasons behind such an action. Companies often adjust their investment portfolios based on various factors such as market conditions and investment strategies.
Capital One Financial is one of the largest financial services providers in the United States that offers a range of banking products and services including credit cards, auto loans, banking accounts, and commercial banking services. It is among the top ten largest banks in terms of total assets held.
While Transform Wealth LLC’s actions may signify their confidence or lack thereof in Capital One Financial’s future performance, it is important to note that individual investment decisions should be thoroughly evaluated based on personal financial goals and risk tolerance.
It will be interesting to observe how these recent developments impact Capital One Financial’s stock performance and financial position in the coming months. As always, investors and stakeholders are advised to stay informed and seek professional guidance while making investment decisions.
Capital One Financial Corporation
Updated on: 23/09/2023
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|Analyst / firm
Robert W. Baird
Large Investors Show Interest in Capital One Financial as Analysts Provide Positive Outlook
Capital One Financial (NYSE:COF), a leading financial services provider, has seen significant activity from large investors buying and selling shares of the company. HB Wealth Management LLC lifted its stake in Capital One Financial by 0.9% in the second quarter, acquiring an additional 112 shares valued at $1.36 million.
In the first quarter, Transcend Capital Advisors LLC raised its stake in Capital One Financial by 0.3%, purchasing an extra 113 shares worth $3.16 million. Another institutional investor, Deseret Mutual Benefit Administrators, boosted its stake in the company by 6.8%, adding on an additional 113 shares valued at $170,000.
Additionally, Kinneret Advisory LLC increased its holdings in Capital One Financial by 2.3% during the first quarter, acquiring another 120 shares worth $703,000. Penserra Capital Management LLC also showed interest in the company and raised its stake by 6.2%, purchasing an additional 122 shares valued at $275,000.
It is notable that hedge funds and other institutional investors own a significant portion of Capital One Financial’s stock – approximately 90.09% of it.
Numerous research analysts have provided their perspectives on COF shares as well. Citigroup increased their price target on Capital One Financial from $124 to $130 and gave it a “buy” rating in a research note released on July 21st. StockNews.com initiated coverage on the company with a “hold” rating on August 17th.
Jefferies Financial Group also weighed in and upped their price objective on COF shares from $100 to $110 on July 11th. Meanwhile, Piper Sandler raised their target price to $115 from $112 and assigned a “neutral” rating to the stock on July 21st.
Stephens also released a research note which stated that they have raised their price target from $80 to $87 on July 21st.
The average analyst rating for Capital One Financial, according to Bloomberg.com, is currently “Hold,” with an average price target of $109.09.
The stock of Capital One Financial opened at $98.90 on Friday. It has a fifty-day moving average price of $107.74 and a two-hundred-day moving average price of $102.73.
Capital One Financial has a current ratio and quick ratio of both 0.99, indicating good liquidity. The company also has a debt-to-equity ratio of 0.91.
With a twelve-month low of $83.93 and a twelve-month high of $123.09, the market cap for Capital One Financial stands at $37.72 billion.
On its last earnings call on July 20th, Capital One Financial reported an impressive EPS (earnings per share) of $3.52 for the quarter, surpassing analysts’ consensus estimates by $0.21.
Despite revenue for the same quarter coming in at $9.01 billion compared to analyst estimates of $9.13 billion, the company’s revenue still increased by 9.5% compared to the previous year’s quarter.
Capital One Financial boasts a return on equity of 9.72%, showcasing its solid financial performance and ability to generate profits.
Equities research analysts predict that Capital One Financial will post an EPS of 11.57 for the current fiscal year, further reaffirming positive expectations for the company going forward.
As large investors continue to show interest in Capital One Financial and research analysts provide favorable ratings and outlooks, it will be interesting to see how this impacts the future performance and growth potential of this prominent financial services provider.