Venator Management LLC Sells 1,210 Shares of Capital One Financial Co. (NYSE:COF)

Venator Management LLC cut its holdings in shares of Capital One Financial Co. (NYSE:COF) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,375 shares of the financial services provider’s stock after selling 1,210 shares during the quarter. Capital One Financial comprises 1.9% of Venator Management LLC’s portfolio, making the stock its 13th biggest holding. Venator Management LLC’s holdings in Capital One Financial were worth $6,421,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Capital Research Global Investors raised its position in shares of Capital One Financial by 72.8% in the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after purchasing an additional 8,900,241 shares during the period. Clearbridge Investments LLC grew its stake in Capital One Financial by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after buying an additional 549,665 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Capital One Financial by 123.4% in the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock valued at $107,016,000 after acquiring an additional 427,000 shares during the period. Capital World Investors boosted its holdings in shares of Capital One Financial by 2.1% during the fourth quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock worth $1,965,761,000 after acquiring an additional 311,696 shares during the period. Finally, Commerce Bank grew its position in shares of Capital One Financial by 2,119.5% in the first quarter. Commerce Bank now owns 307,842 shares of the financial services provider’s stock valued at $45,835,000 after purchasing an additional 293,972 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Capital One Financial Stock Performance

NYSE:COF opened at $145.43 on Thursday. Capital One Financial Co. has a twelve month low of $88.23 and a twelve month high of $153.35. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The stock’s 50-day simple moving average is $142.00 and its 200 day simple moving average is $140.68. The firm has a market capitalization of $55.29 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). The company had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $3.52 earnings per share. On average, analysts anticipate that Capital One Financial Co. will post 13.1 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Analyst Upgrades and Downgrades

COF has been the topic of a number of recent research reports. Bank of America increased their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. BTIG Research started coverage on Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $145.89.

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.