B. Riley Wealth Advisors Inc. Lowers Position in Capital One Financial Co. (NYSE:COF)

B. Riley Wealth Advisors Inc. cut its stake in Capital One Financial Co. (NYSE:COF) by 33.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,110 shares of the financial services provider’s stock after selling 2,043 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Capital One Financial were worth $569,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Financial Security Advisor Inc. lifted its holdings in Capital One Financial by 2.4% in the first quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock worth $485,000 after buying an additional 75 shares during the period. Valley National Advisers Inc. lifted its holdings in shares of Capital One Financial by 0.5% during the first quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock valued at $2,435,000 after purchasing an additional 75 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Capital One Financial by 11.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 75 shares during the last quarter. Marcum Wealth LLC lifted its holdings in shares of Capital One Financial by 3.6% during the second quarter. Marcum Wealth LLC now owns 2,295 shares of the financial services provider’s stock valued at $318,000 after purchasing an additional 79 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Capital One Financial by 41.9% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 80 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 5.7 %

NYSE:COF opened at $153.44 on Friday. The firm has a market capitalization of $58.34 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day moving average price of $142.74 and a 200-day moving average price of $141.64. Capital One Financial Co. has a one year low of $88.23 and a one year high of $154.18.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14). The firm had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.52 EPS. Sell-side analysts forecast that Capital One Financial Co. will post 12.91 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Buying and Selling

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 value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the 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 completion of the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

COF has been the subject of several recent research reports. Bank of America lifted their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Citigroup initiated 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. Evercore ISI lowered their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set 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, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $147.21.

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.