Capital One Financial Corporation $COF Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lessened its stake in Capital One Financial Corporation (NYSE:COF) by 9.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 19,890 shares of the financial services provider’s stock after selling 2,187 shares during the period. Kestra Advisory Services LLC’s holdings in Capital One Financial were worth $3,566,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in COF. Diamond Hill Capital Management Inc. acquired a new stake in Capital One Financial in the 1st quarter valued at approximately $381,848,000. Bank of New York Mellon Corp increased its holdings in Capital One Financial by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock valued at $889,519,000 after purchasing an additional 950,415 shares during the last quarter. Third Point LLC acquired a new stake in Capital One Financial in the 4th quarter valued at approximately $164,946,000. Nuveen LLC acquired a new stake in Capital One Financial in the 1st quarter valued at approximately $141,599,000. Finally, PointState Capital LP acquired a new stake in Capital One Financial in the 4th quarter valued at approximately $139,997,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In related news, CAO Timothy P. Golden sold 207 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,298 shares of company stock valued at $4,233,044 over the last ninety days. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on COF. Redburn Atlantic upgraded shares of Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Bank of America boosted their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. TD Cowen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Royal Bank Of Canada boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, Barclays restated an “overweight” rating and issued a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $238.81.

Capital One Financial Stock Performance

Shares of COF stock opened at $225.01 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $214.58 and a 200 day moving average price of $194.56. The company has a market cap of $143.90 billion, a P/E ratio of 115.39, a PEG ratio of 0.88 and a beta of 1.16. Capital One Financial Corporation has a 12 month low of $131.55 and a 12 month high of $232.45.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.14 EPS. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial’s payout ratio is 123.08%.

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.