Capital One Financial Corporation $COF Shares Sold by Studio Investment Management LLC

Studio Investment Management LLC lessened its stake in Capital One Financial Corporation (NYSE:COF) by 5.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,639 shares of the financial services provider’s stock after selling 101 shares during the period. Studio Investment Management LLC’s holdings in Capital One Financial were worth $349,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC increased its holdings in Capital One Financial by 588,668.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. increased its holdings in Capital One Financial by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock valued at $5,782,590,000 after purchasing an additional 506,105 shares during the last quarter. Bank of New York Mellon Corp boosted its position 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 buying an additional 950,415 shares during the period. Goldman Sachs Group Inc. boosted its position in Capital One Financial by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock valued at $854,647,000 after buying an additional 734,939 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Capital One Financial by 45.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock valued at $838,609,000 after buying an additional 1,454,595 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares of the company’s stock, valued at $20,878,047.14. The trade was a 1.99% 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, 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 transaction 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 approximately $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,184 shares of company stock valued at $2,799,248 over the last ninety days. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on COF shares. Wells Fargo & Company raised their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 price target for the company. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. Finally, BTIG Research reaffirmed a “buy” rating and set a $264.00 price objective on shares of Capital One Financial in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $259.16.

Capital One Financial Price Performance

Capital One Financial stock opened at $220.17 on Thursday. The stock has a market cap of $140.80 billion, a P/E ratio of 92.90, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The company has a fifty day simple moving average of $219.21 and a 200-day simple moving average of $204.30. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 12.18%. The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. During the same period in the previous year, the company earned $4.51 EPS. The company’s revenue for the quarter was up 53.4% on a year-over-year basis. Equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $0.60 dividend. The ex-dividend date of this dividend was 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%.

About Capital One Financial

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.