American Century Companies Inc. Has $22.30 Million Stake in Capital One Financial Corporation $COF

Key Points

• American Century Companies Inc. reduced its stake in Capital One Financial Corporation by 11.5%, holding 124,362 shares valued at approximately $22.30 million after selling 16,183 shares in the 1st quarter.
• Research analysts have raised their price targets for Capital One, with Wells Fargo increasing its target from $225 to $265, while the average target price among analysts is currently $238.81.
• Capital One recently announced a quarterly dividend of $0.60 per share, resulting in an annual yield of 1.1%, despite having a high dividend payout ratio of 123.08%.

American Century Companies Inc. lowered its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 11.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,362 shares of the financial services provider's stock after selling 16,183 shares during the period. American Century Companies Inc.'s holdings in Capital One Financial were worth $22,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beacon Capital Management LLC boosted its stake in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after buying an additional 97 shares in the last quarter. Bogart Wealth LLC lifted its stake in shares of Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after purchasing an additional 243 shares during the period. Motco lifted its holdings in shares of Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after acquiring an additional 137 shares during the period. Rossby Financial LCC acquired a new stake in shares of Capital One Financial during the 1st quarter worth $48,000. Finally, Bernard Wealth Management Corp. acquired a new position in Capital One Financial in the first quarter valued at $54,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of Capital One Financial stock traded up $3.78 on Tuesday, reaching $224.88. 3,671,782 shares of the company were exchanged, compared to its average volume of 3,360,861. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $143.81 billion, a price-to-earnings ratio of 115.32, a P/E/G ratio of 0.86 and a beta of 1.16. The company's 50-day moving average is $214.03 and its two-hundred day moving average is $194.35. Capital One Financial Corporation has a 1-year low of $131.55 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping 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. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.14 EPS. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, August 15th. Capital One Financial's payout ratio is currently 123.08%.

Insider Transactions at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the sale, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,298 shares of company stock worth $4,233,044 in the last 90 days. 1.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on COF shares. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada lifted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Barclays reissued an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Citigroup upped their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Truist Financial raised their price objective on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

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.