Sei Investments Co. Has $88.87 Million Stock Position in Capital One Financial Co. (NYSE:COF)

Sei Investments Co. cut its holdings in shares of Capital One Financial Co. (NYSE:COF) by 13.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 641,877 shares of the financial services provider’s stock after selling 100,232 shares during the quarter. Sei Investments Co. owned 0.17% of Capital One Financial worth $88,868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of COF. Gryphon Financial Partners LLC grew its position in Capital One Financial by 3.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 3,538 shares of the financial services provider’s stock valued at $464,000 after purchasing an additional 114 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new position in shares of Capital One Financial in the fourth quarter worth $246,000. Corient Private Wealth LLC increased its stake in shares of Capital One Financial by 2.8% in the fourth quarter. Corient Private Wealth LLC now owns 83,502 shares of the financial services provider’s stock worth $10,949,000 after acquiring an additional 2,246 shares during the last quarter. Team Hewins LLC purchased a new stake in shares of Capital One Financial during the fourth quarter worth $257,000. Finally, Advisory Services Network LLC boosted its position in Capital One Financial by 1.0% during the fourth quarter. Advisory Services Network LLC now owns 12,296 shares of the financial services provider’s stock valued at $1,612,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity

In related news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction dated 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 directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related 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 transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on 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 directly 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 company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on COF. Bank of America raised their price target 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. Citigroup initiated coverage on shares of Capital One Financial in a research report on Friday. They set a “buy” rating and a $190.00 price objective on the stock. Evercore ISI decreased their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Finally, Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Hold” and a consensus price target of $147.21.

Capital One Financial Price Performance

NYSE COF opened at $152.28 on Friday. The stock has a 50-day simple moving average of $142.56 and a 200 day simple moving average of $140.90. Capital One Financial Co. has a twelve month low of $88.23 and a twelve month high of $153.36. The stock has a market capitalization of $57.90 billion, a PE ratio of 11.92, a P/E/G ratio of 1.08 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last issued 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 business had revenue of $9.51 billion for the quarter, compared to analyst estimates 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 earned $3.52 earnings per share. Research analysts anticipate that Capital One Financial Co. will post 13.1 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.58%. Capital One Financial’s payout ratio is 18.79%.

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.