Capital One Financial Co. (NYSE:COF) Shares Sold by Graypoint LLC

Graypoint LLC lessened its holdings in shares of Capital One Financial Co. (NYSE:COF) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,479 shares of the financial services provider’s stock after selling 125 shares during the period. Graypoint LLC’s holdings in Capital One Financial were worth $759,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in COF. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in Capital One Financial during the fourth quarter worth approximately $2,299,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Capital One Financial by 21.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock worth $4,093,000 after acquiring an additional 4,840 shares in the last quarter. Twin Tree Management LP lifted its position in Capital One Financial by 5.6% in the first quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock valued at $10,200,000 after acquiring an additional 3,609 shares during the last quarter. Montag A & Associates Inc. boosted its stake in Capital One Financial by 42,536.0% in the fourth quarter. Montag A & Associates Inc. now owns 21,318 shares of the financial services provider’s stock valued at $2,795,000 after acquiring an additional 21,268 shares in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Capital One Financial during the second quarter worth about $511,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

COF stock traded up $1.56 on Friday, reaching $146.93. 1,983,621 shares of the company’s stock were exchanged, compared to its average volume of 1,996,471. The stock has a fifty day moving average of $140.83 and a 200-day moving average of $140.18. The firm has a market cap of $56.11 billion, a PE ratio of 11.51, a P/E/G ratio of 1.16 and a beta of 1.45. 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 twelve month low of $88.23 and a twelve month high of $153.35.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the company earned $3.52 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Capital One Financial Co. will post 13.1 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 1.63%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Analyst Upgrades and Downgrades

COF has been the subject of several research reports. BTIG Research started coverage on Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a research note on Thursday, July 25th. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. Evercore ISI reduced their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. Finally, Bank of America raised their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $145.89.

Insider Activity

In related news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the sale, the insider now owns 73,734 shares in the company, valued at approximately $11,060,100. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial 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 transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The sale 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 Capital One Financial stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Capital One Financial Company 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.