M.D. Sass LLC Acquires 70,655 Shares of Capital One Financial Corporation $COF

M.D. Sass LLC lifted its stake in Capital One Financial Corporation (NYSE:COF) by 24.1% in the second quarter, Holdings Channel.com reports. The firm owned 363,556 shares of the financial services provider’s stock after acquiring an additional 70,655 shares during the quarter. Capital One Financial comprises 4.8% of M.D. Sass LLC’s portfolio, making the stock its 8th largest holding. M.D. Sass LLC’s holdings in Capital One Financial were worth $72,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in Capital One Financial in the 4th quarter valued at approximately $2,089,803,000. Viking Global Investors LP lifted its position in Capital One Financial by 30.3% in the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after buying an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Capital One Financial by 7,143.2% during the 4th quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after buying an additional 1,428,133 shares during the period. AQR Capital Management LLC boosted its stake in shares of Capital One Financial by 64.9% during the 4th quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock valued at $815,951,000 after buying an additional 1,324,845 shares during the period. Finally, Amundi grew its holdings in shares of Capital One Financial by 41.5% during the 1st quarter. Amundi now owns 3,067,354 shares of the financial services provider’s stock valued at $559,577,000 after acquiring an additional 899,409 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 5,473 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the transaction, the insider directly owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Celia Karam sold 1,888 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $425,781.76. Following the completion of the sale, the insider owned 59,708 shares of the company’s stock, valued at approximately $13,465,348.16. This trade represents a 3.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 26,267 shares of company stock valued at $5,617,648. 0.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Citigroup lowered their target price on Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Bank of America dropped their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, BTIG Research raised their price target on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $259.36.

Capital One Financial Stock Performance

Shares of COF opened at $221.23 on Wednesday. The company’s fifty day moving average is $206.52 and its 200-day moving average is $198.10. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The firm has a market cap of $135.72 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. Capital One Financial’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.48 EPS. Equities analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.