Capital One Financial Corporation $COF Shares Sold by Giverny Capital Inc.

Giverny Capital Inc. lowered its position in shares of Capital One Financial Corporation (NYSE:COF) by 16.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,274 shares of the financial services provider’s stock after selling 2,500 shares during the period. Giverny Capital Inc.’s holdings in Capital One Financial were worth $2,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Capital One Financial by 1.6% in 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 buying an additional 506,105 shares during the period. Bank of New York Mellon Corp increased its stake 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 stake in shares of Capital One Financial by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $854,647,000 after acquiring an additional 734,939 shares in the last quarter. Invesco Ltd. boosted its position in shares of Capital One Financial by 13.3% in the first quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider’s stock valued at $836,523,000 after acquiring an additional 548,052 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Capital One Financial by 21.8% during the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider’s stock valued at $790,564,000 after acquiring an additional 793,765 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company upped their price target on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Citigroup lifted their target price on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. 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, Truist Financial upped their price target on shares of Capital One Financial from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.81.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert M. Alexander sold 10,114 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,091 shares of company stock worth $4,188,454. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Trading Down 2.5%

Shares of COF stock opened at $215.48 on Monday. Capital One Financial Corporation has a 1-year low of $131.55 and a 1-year high of $232.45. The firm has a market capitalization of $137.80 billion, a PE ratio of 110.50, a P/E/G ratio of 0.84 and a beta of 1.16. The business’s fifty day moving average price is $211.17 and its 200 day moving average price is $193.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

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

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a $0.60 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.40 annualized dividend 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.