Kingswood Wealth Advisors LLC Lowers Stock Holdings in Capital One Financial Co. (NYSE:COF)

Kingswood Wealth Advisors LLC trimmed its position in Capital One Financial Co. (NYSE:COF) by 19.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,353 shares of the financial services provider’s stock after selling 2,517 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Capital One Financial were worth $1,433,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Silicon Valley Capital Partners bought a new position in shares of Capital One Financial in the first quarter worth approximately $25,000. LRI Investments LLC bought a new position in shares of Capital One Financial in the first quarter worth approximately $25,000. Bartlett & CO. Wealth Management LLC increased its position in shares of Capital One Financial by 726.7% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 218 shares during the last quarter. Rise Advisors LLC bought a new position in Capital One Financial during the first quarter valued at approximately $33,000. Finally, Tortoise Investment Management LLC grew its position in 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 acquiring an additional 80 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on COF. Bank of America increased their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Evercore ISI cut their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. Finally, Wells Fargo & Company raised their price target on Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $145.89.

Capital One Financial Price Performance

Shares of COF traded down $1.40 during mid-day trading on Wednesday, hitting $132.29. 2,032,966 shares of the stock were exchanged, compared to its average volume of 2,559,657. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $50.30 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $153.35. The firm has a 50-day moving average of $139.91 and a two-hundred day moving average of $139.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The business had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. Capital One Financial’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.52 EPS. On average, equities analysts predict that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.81%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Insiders Place Their Bets

In other news, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction on 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 completion of the sale, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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.