Capital One Financial Corporation $COF Shares Sold by KBC Group NV

KBC Group NV trimmed its stake in Capital One Financial Corporation (NYSE:COF) by 3.3% in the second quarter, Holdings Channel.com reports. The firm owned 1,014,915 shares of the financial services provider’s stock after selling 34,218 shares during the quarter. KBC Group NV’s holdings in Capital One Financial were worth $203,612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Evolution Wealth Management Inc. raised its stake in Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 90 shares during the period. VSM Wealth Advisory LLC purchased a new stake in shares of Capital One Financial during the 4th quarter valued at $27,000. Cherry Tree Wealth Management LLC grew its stake in shares of Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after buying an additional 105 shares during the period. Ballast Advisors LLC purchased a new stake in shares of Capital One Financial during the 1st quarter valued at $27,000. Finally, Strive Asset Management LLC acquired a new stake in shares of Capital One Financial during the 3rd quarter worth $28,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the transaction, the chief accounting officer owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Zamsky sold 5,473 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider 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 SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 22,186 shares of company stock worth $4,697,301. 0.78% of the stock is owned by insiders.

Capital One Financial Trading Up 1.5%

NYSE:COF opened at $227.19 on Friday. The business’s 50-day moving average is $204.93 and its two-hundred day moving average is $198.21. The firm has a market capitalization of $139.37 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same period in the prior year, the firm earned $5.48 earnings per share. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. Research analysts predict that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s payout ratio is presently 19.80%.

Analyst Ratings Changes

COF has been the topic of several research reports. Piper Sandler initiated coverage on Capital One Financial in a research report on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price on the stock. BTIG Research boosted their price target on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft dropped their price target on Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Bank of America cut their price objective on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Barclays reduced their price objective on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.36.

Capital One Financial Company 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.