140 Summer Partners LP Sells 141,502 Shares of Capital One Financial Corporation $COF

Key Points

• 140 Summer Partners LP reduced its holdings in Capital One Financial by 35.5%, selling 141,502 shares and now owning 257,514 shares, valued at approximately $46 million.
• Insider Robert M. Alexander sold 10,114 shares of Capital One, leading to a 12.83% decrease in his ownership, while another insider, Michael Zamsky, sold 5,515 shares, reducing his position by 16.77%.
• Analysts have increased their target prices for Capital One Financial, with JPMorgan Chase & Co. raising it from $245 to $248, while Barclays increased it to $253, resulting in a consensus rating of "Moderate Buy."

140 Summer Partners LP decreased its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 35.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,514 shares of the financial services provider's stock after selling 141,502 shares during the quarter. Capital One Financial accounts for approximately 5.9% of 140 Summer Partners LP's holdings, making the stock its 9th biggest position. 140 Summer Partners LP owned approximately 0.07% of Capital One Financial worth $46,172,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Capital One Financial by 1.6% during the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock valued at $5,782,590,000 after buying an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Capital One Financial by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after buying an additional 950,415 shares during the period. Goldman Sachs Group Inc. increased its stake in Capital One Financial by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock valued at $854,647,000 after buying an additional 734,939 shares during the period. Invesco Ltd. increased its stake in Capital One Financial by 13.3% in the 1st quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock valued at $836,523,000 after buying an additional 548,052 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Capital One Financial by 31.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,222,533 shares of the financial services provider's stock valued at $574,642,000 after buying an additional 765,292 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analyst Ratings Changes

COF has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Citigroup lifted their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Bank of America lifted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

Capital One Financial Stock Performance

NYSE COF traded down $4.60 during midday trading on Friday, hitting $221.72. The company had a trading volume of 3,840,767 shares, compared to its average volume of 2,985,290. The firm has a fifty day simple moving average of $217.39 and a two-hundred day simple moving average of $195.67. Capital One Financial Corporation has a fifty-two week low of $131.55 and a fifty-two week high of $232.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a market cap of $141.79 billion, a price-to-earnings ratio of 113.70, a P/E/G ratio of 0.87 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The company's revenue was up 31.4% on a year-over-year basis. During the same period last year, the company earned $3.14 EPS. Equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Insider Buying and Selling at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 over the last quarter. 1.26% of the stock is currently owned by insiders.

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.