Elyxium Wealth LLC Acquires Shares of 12,375 Capital One Financial Corporation $COF

Elyxium Wealth LLC bought a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,375 shares of the financial services provider’s stock, valued at approximately $2,483,000.

Several other hedge funds have also recently made changes to their positions in the company. Evolution Wealth Management Inc. raised its stake in Capital One Financial by 529.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 90 shares during the period. VSM Wealth Advisory LLC bought a new position in Capital One Financial during the fourth quarter worth about $27,000. Cherry Tree Wealth Management LLC increased its stake in shares of Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 105 shares in the last quarter. Osterweis Capital Management Inc. purchased a new position in shares of Capital One Financial in the fourth quarter worth about $29,000. Finally, CrossGen Wealth LLC bought a new stake in shares of Capital One Financial in the fourth quarter valued at approximately $30,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Trading Up 1.5%

Shares of Capital One Financial stock opened at $227.19 on Friday. The company’s 50-day moving average price is $204.93 and its 200-day moving average price is $198.21. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a market cap of $139.38 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.82 and a beta of 1.02.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter in the previous year, the company earned $5.48 earnings per share. Capital One Financial’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, equities analysts expect that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Capital One Financial’s payout ratio is 19.80%.

Analyst Upgrades and Downgrades

COF has been the topic of a number of recent research reports. TD Cowen dropped their price target on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Argus reduced their price objective on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Rothschild & Co Redburn lowered their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Barclays dropped their target price on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Finally, Citigroup cut their price target on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Twenty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.36.

Insider Activity

In other news, CAO Timothy P. Golden sold 3,487 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the transaction, the chief accounting officer owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel owned 90,194 shares in the company, valued at $18,760,352. This trade represents a 3.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,186 shares of company stock valued at $4,697,301 over the last 90 days. Company insiders own 0.78% of the company’s stock.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.