Acadian Asset Management LLC Lowers Stake in Capital One Financial Corporation $COF

Key Points

• Acadian Asset Management LLC decreased its stake in Capital One Financial by 13.2%, resulting in ownership of 35,452 shares valued at approximately $6.35 million after selling 5,380 shares.
• Several institutional investors, including Diamond Hill Capital Management and UBS AM, have significantly increased their holdings in Capital One Financial, with hedge funds now owning 89.84% of the company's stock.
• Capital One Financial's stock has received positive analyst ratings, with a consensus target price of $239.44, and most recently reported $5.48 EPS for the quarter, exceeding estimates by $3.55.

Acadian Asset Management LLC decreased its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 13.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,452 shares of the financial services provider's stock after selling 5,380 shares during the period. Acadian Asset Management LLC's holdings in Capital One Financial were worth $6,354,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in COF. Diamond Hill Capital Management Inc. purchased a new stake in shares of Capital One Financial in the first quarter valued at about $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Capital One Financial by 45.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock valued at $838,609,000 after acquiring an additional 1,454,595 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Capital One Financial by 23.7% in the first 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 acquiring an additional 950,415 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Capital One Financial in the first quarter valued at about $141,599,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Capital One Financial by 31.1% in the fourth 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 acquiring an additional 765,292 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

COF has been the subject of several recent analyst reports. Wells Fargo & Company raised 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. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Finally, TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their target price for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

Insider Activity

In other news, CAO Timothy P. Golden sold 3,462 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction on 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 in the company, valued at approximately $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. In the last three months, insiders sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Price Performance

Capital One Financial stock opened at $223.59 on Friday. Capital One Financial Corporation has a 1 year low of $137.64 and a 1 year high of $232.45. The firm has a 50 day moving average price of $217.89 and a 200 day moving average price of $196.49. The company has a market cap of $142.99 billion, a price-to-earnings ratio of 114.66, a PEG ratio of 0.87 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the previous year, the firm posted $3.14 earnings per share. Capital One Financial's revenue for the quarter was up 31.4% compared to the same quarter last year. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given 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 payout ratio is presently 123.08%.

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.

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