Capital One Financial Co. (NYSE:COF) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its holdings in Capital One Financial Co. (NYSE:COF) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 127,458 shares of the financial services provider’s stock after selling 3,585 shares during the period. Ensign Peak Advisors Inc’s holdings in Capital One Financial were worth $17,647,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. LRI Investments LLC purchased a new stake in Capital One Financial in the first quarter valued at $25,000. Silicon Valley Capital Partners purchased a new stake in Capital One Financial in the 1st quarter valued at about $25,000. Y.D. More Investments Ltd acquired a new position in Capital One Financial in the second quarter valued at about $28,000. Hobbs Group Advisors LLC purchased a new position in Capital One Financial during the second quarter worth about $29,000. Finally, Rise Advisors LLC purchased a new stake in shares of Capital One Financial in the 1st quarter valued at approximately $33,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 0.7 %

COF opened at $151.22 on Tuesday. The stock has a market capitalization of $57.49 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. Capital One Financial Co. has a one year low of $88.23 and a one year high of $154.18. The business’s 50-day simple moving average is $142.69 and its 200-day simple moving average is $141.03. 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 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the company earned $3.52 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.59%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $4,611,300.00. Following the transaction, the insider now 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 owned by company insiders.

Analyst Ratings Changes

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

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.