Capital One Financial Corporation (NYSE:COF) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its stake in Capital One Financial Corporation (NYSE:COF) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,304 shares of the financial services provider’s stock after selling 636 shares during the period. D.A. Davidson & CO.’s holdings in Capital One Financial were worth $10,095,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Norges Bank purchased a new position in Capital One Financial during the 4th quarter worth approximately $590,279,000. Lone Pine Capital LLC purchased a new stake in shares of Capital One Financial during the fourth quarter worth about $577,012,000. Egerton Capital UK LLP acquired a new position in shares of Capital One Financial during the fourth quarter valued at approximately $279,159,000. FMR LLC grew its holdings in shares of Capital One Financial by 21.6% during the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock worth $1,440,449,000 after buying an additional 1,436,935 shares in the last quarter. Finally, Meritage Group LP acquired a new stake in shares of Capital One Financial in the fourth quarter valued at approximately $227,662,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 1.0%

COF stock opened at $220.94 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.97. The company has a market cap of $84.65 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15. Capital One Financial Corporation has a 12 month low of $128.23 and a 12 month high of $221.95. The company has a fifty day moving average price of $195.61 and a 200 day moving average price of $187.29.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.07 billion. Sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, May 23rd. Capital One Financial’s dividend payout ratio (DPR) is 20.15%.

Insider Buying and Selling at Capital One Financial

In related news, Director Ann F. Hackett sold 1,658 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the sale, the director owned 56,244 shares in the company, valued at $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the transaction, the insider directly owned 20,089 shares of the company’s stock, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on COF. Citigroup reduced their target price on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company raised their target price on Capital One Financial from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Royal Bank Of Canada set a $190.00 price target on shares of Capital One Financial and gave the stock a “sector perform” rating in a research note on Monday, April 14th. Truist Financial boosted their price objective on Capital One Financial from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. increased their target price on Capital One Financial from $183.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, June 26th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $215.86.

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.