Princeton Global Asset Management LLC Cuts Holdings in Capital One Financial Corporation $COF

Princeton Global Asset Management LLC decreased its position in shares of Capital One Financial Corporation (NYSE:COF) by 88.0% in the second quarter, HoldingsChannel reports. The firm owned 179 shares of the financial services provider’s stock after selling 1,316 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Capital One Financial were worth $38,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC grew its position in shares of Capital One Financial by 588,668.3% during the second 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 in the last quarter. Vanguard Group Inc. grew its position in shares of Capital One Financial by 1.6% during the first 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 in the last quarter. Bank of New York Mellon Corp grew its position in shares of Capital One Financial by 23.7% during the first 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 in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Capital One Financial by 18.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock valued at $854,647,000 after purchasing an additional 734,939 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Capital One Financial by 45.1% during the first 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 purchasing an additional 1,454,595 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 1.1%

Shares of NYSE COF opened at $217.31 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $138.97 billion, a P/E ratio of 111.44, a PEG ratio of 0.77 and a beta of 1.18. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The firm has a 50-day simple moving average of $219.16 and a two-hundred day simple moving average of $204.19.

Capital One Financial (NYSE:COF) last announced 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. The firm had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $15.06 billion. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.51 EPS. Research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is presently 123.08%.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction dated 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 owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This trade represents a 1.99% 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 hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was 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. The trade was a 2.30% decrease in their position. 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 90 days. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Rothschild & Co Redburn initiated coverage on 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. Royal Bank Of Canada lifted their price target on 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. Evercore ISI lifted their price target on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Finally, Truist Financial lifted their price target on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.78.

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.