Brighton Jones LLC Acquires 10,428 Shares of Capital One Financial Co. (NYSE:COF)

Brighton Jones LLC grew its holdings in shares of Capital One Financial Co. (NYSE:COF) by 330.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,587 shares of the financial services provider’s stock after acquiring an additional 10,428 shares during the period. Brighton Jones LLC’s holdings in Capital One Financial were worth $2,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Cerro Pacific Wealth Advisors LLC grew its position in shares of Capital One Financial by 1.1% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 5,861 shares of the financial services provider’s stock valued at $1,045,000 after acquiring an additional 64 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Capital One Financial by 1.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 89,966 shares of the financial services provider’s stock worth $16,043,000 after buying an additional 1,551 shares during the period. SG Americas Securities LLC boosted its holdings in Capital One Financial by 19.2% in the 4th quarter. SG Americas Securities LLC now owns 325,378 shares of the financial services provider’s stock worth $58,021,000 after buying an additional 52,302 shares during the period. Magnus Financial Group LLC bought a new position in Capital One Financial in the 4th quarter worth $210,000. Finally, Global Trust Asset Management LLC boosted its holdings in Capital One Financial by 11.1% in the 4th quarter. Global Trust Asset Management LLC now owns 3,436 shares of the financial services provider’s stock worth $613,000 after buying an additional 343 shares during the period. Institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Evercore ISI boosted their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Truist Financial initiated coverage on shares of Capital One Financial in a research note on Tuesday, January 7th. They issued a “buy” rating and a $229.00 price target on the stock. Robert W. Baird boosted their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target on the stock in a research note on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $190.47.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the sale, the insider now owns 19,776 shares of the company’s stock, valued at $3,211,029.12. The trade was a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,256 shares of company stock valued at $2,462,487. 1.30% of the stock is currently owned by insiders.

Capital One Financial Price Performance

NYSE COF opened at $203.32 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.00 and a current ratio of 0.98. The firm’s 50 day moving average price is $184.71 and its 200-day moving average price is $161.96. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $207.24. The company has a market cap of $77.51 billion, a PE ratio of 17.54, a P/E/G ratio of 1.29 and a beta of 1.46.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10,220,675.12 billion. During the same period last year, the firm earned $2.81 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Sell-side analysts forecast that Capital One Financial Co. will post 15.22 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio is currently 20.71%.

About Capital One Financial

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.