Capital One Financial Co. (NYSE:COF) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. lowered its position in Capital One Financial Co. (NYSE:COF) by 6.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,500 shares of the financial services provider’s stock after selling 500 shares during the quarter. Hennessy Advisors Inc.’s holdings in Capital One Financial were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Norden Group LLC boosted its position in Capital One Financial by 2.6% during the 4th quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock worth $358,000 after acquiring an additional 51 shares during the period. Quadrant Capital Group LLC boosted its position in Capital One Financial by 1.0% during the 4th quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider’s stock worth $936,000 after acquiring an additional 54 shares during the period. Gladstone Institutional Advisory LLC boosted its position in Capital One Financial by 3.3% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 56 shares during the period. Family Legacy Inc. boosted its position in Capital One Financial by 0.8% during the 4th quarter. Family Legacy Inc. now owns 7,980 shares of the financial services provider’s stock worth $1,438,000 after acquiring an additional 60 shares during the period. Finally, Roman Butler Fullerton & Co. boosted its position in Capital One Financial by 3.5% during the 4th quarter. Roman Butler Fullerton & Co. now owns 1,852 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on COF shares. Wells Fargo & Company boosted their price target on Capital One Financial from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Truist Financial upped their price objective on Capital One Financial from $215.00 to $225.00 and gave the company a “buy” rating in a report on Friday, April 25th. BTIG Research upgraded Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price objective for the company in a report on Tuesday, March 25th. Citigroup cut their price objective on Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. cut their price objective on Capital One Financial from $198.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $210.64.

Insider Activity

In related news, insider Michael Zamsky sold 9,560 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the transaction, the insider now directly owns 20,089 shares of the company’s stock, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director now owns 56,244 shares of the company’s stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Trading Down 2.6%

Shares of NYSE COF opened at $192.49 on Monday. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The company has a market cap of $73.75 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 1.19 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $184.50 and a 200-day simple moving average of $185.32.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. Sell-side analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial’s dividend payout ratio is 20.15%.

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.