B. Riley Wealth Advisors Inc. Sells 2,043 Shares of Capital One Financial Co. (NYSE:COF)

B. Riley Wealth Advisors Inc. cut its holdings in Capital One Financial Co. (NYSE:COF) by 33.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

Several other institutional investors also recently modified their holdings of the business. William B. Walkup & Associates Inc. purchased a new position in Capital One Financial in the second quarter valued at approximately $776,000. Sunbelt Securities Inc. lifted its stake in Capital One Financial by 67.1% in the second quarter. Sunbelt Securities Inc. now owns 1,646 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 661 shares during the last quarter. Creative Planning lifted its stake in Capital One Financial by 10.0% in the second quarter. Creative Planning now owns 48,985 shares of the financial services provider’s stock valued at $6,782,000 after purchasing an additional 4,468 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new position in Capital One Financial in the second quarter valued at approximately $5,919,000. Finally, Copperwynd Financial LLC purchased a new position in Capital One Financial in the second quarter valued at approximately $776,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Up 5.7 %

COF opened at $153.44 on Friday. The stock has a market cap of $58.34 billion, a PE ratio of 12.02, a P/E/G ratio of 1.21 and a beta of 1.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $154.18. The business’s fifty day simple moving average is $142.74 and its 200 day simple moving average is $141.64.

Capital One Financial (NYSE:COF) last announced 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). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The company had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period last year, the business posted $3.52 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Capital One Financial Co. will post 12.91 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.56%. Capital One Financial’s dividend payout ratio (DPR) is currently 18.79%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Bank of America increased their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Citigroup assumed coverage on Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 target price on the stock. Finally, Evercore ISI dropped their target price on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $147.21.

Insider Activity

In other 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 sale, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 sale, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the sale, the insider now owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.