Capital One Financial Co. (NYSE:COF) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in Capital One Financial Co. (NYSE:COF) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,185 shares of the financial services provider’s stock after selling 1,689 shares during the period. Mutual of America Capital Management LLC’s holdings in Capital One Financial were worth $6,671,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners bought a new stake in shares of Capital One Financial in the 1st quarter worth about $25,000. LRI Investments LLC bought a new stake in Capital One Financial in the first quarter valued at about $25,000. Y.D. More Investments Ltd acquired a new stake in Capital One Financial during the second quarter valued at approximately $28,000. Hobbs Group Advisors LLC bought a new position in Capital One Financial during the 2nd quarter worth approximately $29,000. Finally, Bartlett & CO. Wealth Management LLC grew its position in shares of Capital One Financial by 726.7% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 218 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

COF has been the topic of several research reports. Bank of America upped their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Evercore ISI reduced their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of Capital One Financial in a research report on Thursday, July 25th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. upped their target price on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $145.89.

Capital One Financial Price Performance

Shares of NYSE COF opened at $153.05 on Friday. The stock has a market cap of $58.19 billion, a P/E ratio of 11.99, a P/E/G ratio of 1.08 and a beta of 1.44. The firm’s 50-day simple moving average is $142.28 and its 200 day simple moving average is $140.76. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week 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.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 9.31% and a net margin of 9.01%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.52 earnings per share. Equities analysts expect that Capital One Financial Co. will post 13.1 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Monday, August 12th. Capital One Financial’s payout ratio is currently 18.79%.

Capital One Financial 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.