The Manufacturers Life Insurance Company reduced its position in Capital One Financial Corporation (NYSE:COF) by 20.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 411,750 shares of the financial services provider’s stock after selling 108,936 shares during the period. The Manufacturers Life Insurance Company’s holdings in Capital One Financial were worth $75,116,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Evolution Wealth Management Inc. raised its holdings in shares of Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 90 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in Capital One Financial in the 4th quarter worth about $27,000. Cherry Tree Wealth Management LLC raised its stake in shares of Capital One Financial by 1,312.5% during the 4th 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. Strive Asset Management LLC purchased a new stake in shares of Capital One Financial during the 3rd quarter worth about $28,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Capital One Financial during the 1st quarter valued at about $29,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
COF has been the subject of several recent research reports. Truist Financial lowered their price target on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. The Goldman Sachs Group reduced their target price on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research report on Wednesday, June 24th. Citigroup dropped their price target on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $259.14.
Capital One Financial Stock Down 1.6%
COF opened at $208.92 on Thursday. The firm has a market cap of $130.01 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 0.78 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The business has a 50 day moving average price of $196.82 and a 200 day moving average price of $199.23. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64.
Capital One Financial (NYSE:COF – Get Free Report) last announced its quarterly earnings results 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 return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter last year, the company posted $5.48 earnings per share. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. Research analysts forecast that Capital One Financial Corporation will post 20.13 EPS for the current year.
Capital One Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.
Insiders Place Their Bets
In related news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the transaction, 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. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the transaction, the insider directly owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This represents a 2.76% 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 sold a total of 8,749 shares of company stock worth $1,708,577 over the last quarter. 0.78% of the stock is currently owned by company insiders.
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.
See Also
- Five stocks we like better than Capital One Financial
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF – Free Report).
Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.
